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For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world prices. If this is done by countries accounting for a large share of the market, its effect is offset by increases in world price volatility. This study shows the nature of the...
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Rapid economic growth in some emerging economies in recent decades has significantly increased their global economic importance. If this rapid growth continues and is strongest in resource-poor Asian economies, the growth in global demand for imports of primary products also will continue, to...
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Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of … gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity … composition of trade by Asia and other regions. What began with Japan in the 1950s and Korea and Taiwan from the late 1960s has …
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