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We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
Persistent link: https://www.econbiz.de/10011304762
By combining two large data sets (on international trade flows and on mergers and acquisitions M&As), we are able to test two implications of Neary's (2003, 2004a) recent theoretical work. Analyzing M&As in a General Oligopolistic Equilibrium (GOLE) model incorporating strategic interaction...
Persistent link: https://www.econbiz.de/10003277098
Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory …
Persistent link: https://www.econbiz.de/10003398717
An important recent World Trade Organization dispute settlement case for many developing countries concerned European … being used to cover losses associated with exports of sugar to the world market. Although in principle the economic …
Persistent link: https://www.econbiz.de/10012747624
by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of …
Persistent link: https://www.econbiz.de/10012747956
as a result affect world prices for the specific products concerned. Market failures and market structures (market power …
Persistent link: https://www.econbiz.de/10012975528
Crash. Theory suggests several hypotheses for why it was not in the interest of many firms to lobby for protection …. World Trade Organization disciplines raise the cost of using trade policies for member countries and have proved to be a …
Persistent link: https://www.econbiz.de/10012975670
This paper summarizes the major arguments and proposals to reform the modus operandi of the World Trade Organization … internal and external transparency of World Trade Organization processes. Some proposals for structural reform ignore incentive … constraints and the fact that the World Trade Organization is an incomplete contract that must be self-enforcing. Others -- such …
Persistent link: https://www.econbiz.de/10012976212
place the preconditions for future market opening. The second proposal is for a new approach to negotiations in the World …
Persistent link: https://www.econbiz.de/10012976230
the subset of the literature focusing on trade policy and integration into the world economy. Although in the longer run …
Persistent link: https://www.econbiz.de/10014063033