The sessions held during the 2011 Public Forum triggered a frank and open debate on the principal global challenges for the multilateral trading system. The Forum also sought to identify practical and effective solutions and ways forward to enable the WTO to adapt and respond effectively to our...

The sessions held during the 2011 Public Forum triggered a frank and open debate on the principal global challenges for the multilateral trading system. The Forum also sought to identify practical and effective solutions and ways forward to enable the WTO to adapt and respond effectively to our...

Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question "how much of the cross-country income variance can be attributed to...

This paper examines the extent to which the process of globalization can explain the observed widening in the cross--country distribution of output--per--worker. In particular examine whether the opening up of trade in a Hecksher--Ohlin type model of trade can explain the observed changes. On...

Lack of income convergence for the world as a whole has led to concerns about the impact of globalization of markets on world inequality. GDP per capita is usually used to proxy for the quality of life of individuals living in different countries. However, well-being is also affected by quantity...

An optimal linear world income tax that maximizes a border-neutral social welfare function provides a drastic reduction in world consumption inequality, dropping the Gini coefficient from 0.69 to 0.25. In contrast an optimal decentralized (i.e., within countries) redistribution has miniscule...