Increasingly, in regional agreements, large economies, e.g. U.S. and E.U., offer lower trade barriers in exchange for … multilateral trade liberalization? We show that, even in the absence of trade creation or diversion, such preferential agreements …

In this paper, the author presents a simple theoretical framework to discuss the potential contributions of free trade …

the worldwide liberalized trade policies in agriculture, which raise the price of the economy’s primary exportable … of the agricultural trade liberalization policies, e.g. the removal of the indirect farm subsidies, the paper argues that …

integration with developed countries. Foreign investment is subject to sovereign risk and free trade agreements may serve as a …Increasingly, developing countries embrace foreign direct investment (FDI) and simultaneously pursue economic …-partner countries even though export- platform type FDI will rise. The reason is the offsetting effect from trade diversion, which …

importance in trade talks, because of the large number of countries involved, the wider dispersion in initial tariffs (e ….g. tariff peaks) and gaps between bound and applied tariff rates. This paper resents a two country intra-industry trade model …

costs and trade policy cooperation. Tariffs have the effect of attracting foreign direct investment to the benefit of … costs facilitates free trade. This logic is applied to a three-country model to examine cross-sectional relationships. It is … found that if any country is too distant from the others, then global free trade is not attainable. Rather, if two of the …

This paper reviews the evolution of thinking about regional trade agreements (RTAs) and the policy developments … message of the theory of second-best about the ambiguity of outcomes remains valid. Describing many RTAs as free trade … agreements distorts the meaning of “free trade” and deeper integration in some regions undermines use of the nation state as the …

A key element of the EU’s free trade and preferential trade agreements is the extent to which they deliver improved … in Europe, including the countries of the Balkans. Previous preferential trade schemes have been ineffective in …’ agreement and free trade agreements with countries in the Balkans to generate substantial improvements in access to the EU …

This paper examines the welfare implications of trade reforms in the presence of a government budget constraint. There … is consensus about gains from opening up to trade. The less investigated question is, whether a coordinated tax reform … improving or not. Are trade taxes an expensive tool to raise the necessary revenue for governments? This paper uses a CGE model …