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It has sometimes been argued that "globalization" benefits only a small number of countries, and that this leads to greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater concentration in international trade and investment...
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The WTO Secretariat has published a new report on the treatment of medical products in regional trade agreements (RTAs) amid current supply shortages caused by the COVID-19 pandemic. The report examines the extent medical products are traded among preferential partners and the difference in...
Persistent link: https://www.econbiz.de/10012882946
This paper explores the impact of vertical specialization on world trade within the framework of the O-ring theory of …, the sector in which vertical specialization is most prominent. It appears that vertical specialization adds to total world …
Persistent link: https://www.econbiz.de/10012883931
The WTO Agreement on Agriculture applies to those “agricultural products” as defined in its Annex 1. This definition expressly excludes “fish and fish products” from the scope of application of the Agreement. In light of this exclusion, the paper is intended to provide a historical...
Persistent link: https://www.econbiz.de/10012884435
This paper argues that interests of nationals and owners of home-based foreign capital in the formation of a Trade Agreements (TA) are not antagonistic, except under rather particular assumptions on initial tariffs among potential members. Further, if initial tariffs are endogenously determined...
Persistent link: https://www.econbiz.de/10012884298