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adversely affect the environment, there are linkages between existing rules of the World Trade Organization (WTO) and rules … for both national and international agendas, and special attention must be given to the relationship between the WTO and … the emerging international regime on climate change. This working paper examines the nexus of the WTO and climate change …
Persistent link: https://www.econbiz.de/10008546323
A fundamental shift is taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the burning issues of the day were not even on the negotiating agenda. This paper advances five propositions:...
Persistent link: https://www.econbiz.de/10005627737
The International Monetary Fund (IMF) plays a substantial regulatory role in the international monetary and financial system. The IMF has been assigned a formal regulatory role in a limited number of areas such as obligations covering exchange rate policies. The Fund has a broader informal...
Persistent link: https://www.econbiz.de/10008458219
Until recently, the World Trade Organization (WTO) has been an eff ective framework for cooperation because it has … liberalization mechanism that has driven the WTO process to previous successes. Second, new restraints on bilateralism and …
Persistent link: https://www.econbiz.de/10009371323
We argue that openness to foreign investment can have differential effects on corruption, even within the same country and under the exact same domestic institutions over time. Our theoretical approach departs from standard political economy by attributing corruption motives to firms as well as...
Persistent link: https://www.econbiz.de/10009371325
Sovereign wealth funds (SWFs) have become a prominent feature of the international financial landscape. They are sufficiently diverse in their origins, structures, and objectives that generalizations are perilous. However, legitimate concerns have been raised in home and host countries about the...
Persistent link: https://www.econbiz.de/10009228608
Against the backdrop of the recent financial crisis and the ongoing rapid changes in the world economy, the fate of the dollar as the premier international reserve currency is under scrutiny. This paper attempts to answer whether the Chinese renminbi will eclipse the dollar, what will be the...
Persistent link: https://www.econbiz.de/10009294077
Currently, Asia’s influence in global financial governance is not consistent with its weight in the world economy. This paper examines the role of Asia in the International Monetary Fund (IMF) and the Group of Twenty (G-20). It looks in particular at how the relationship between East Asian...
Persistent link: https://www.econbiz.de/10009351459
This working paper aims to take stock of global efforts towards financial reform since the start of the financial crisis in 2007–08 and to provide a synthetic (if simplified) picture of their status as of January 2012. Underlying dynamics are described and analyzed both at the global level...
Persistent link: https://www.econbiz.de/10009416089
Since their inception at the end of the Second World War, the sister organizations of the World Bank and the International Monetary Fund (IMF) have aimed to consistently speak with one voice vis-à-vis their member governments. However, anecdotal evidence suggests that they often do not speak in...
Persistent link: https://www.econbiz.de/10005585596