on the rest of the world as it induces entry of high-quality firms, but unilateral regulation lowers the terms of trade of … to quantify the welfare consequences of imposing the optimal regulation, the extent of the positive externalities across …

on the rest of the world as it induces entry of high-quality firms, and it improves the terms of trade of the non …

This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world … resolve. Because the world price shock may also reduce average incomes, the model provides a way to understand why the level …

Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …