This paper examines various implications of Preferential Trade Agreements (PTAs), namely Customs Unions (CUs) and Free Trade Areas (FTAs), in the context of a multi-country general equilibrium model based on comparative advantage considerations. We calibrate the model to represent countries with...

There has been growing debate about whether bilateral trade agreements are damaging multilateral efforts to eliminate barriers to international trade. This paper develops a model in which trading blocs always charge optimal tariffs and make trade agreements based on strategic considerations. We...

Mad Money (Manchester University Press, 1998) is the completely rewritten and updated version of Casino Capitalism (Blackwells, 1986). It has been suggested--of both volumes--that there was no theory underlying Strange's discussion of the international financial system in them. This she argues...

The currency and market turmoils in East Asia since summer of 1997 are every bit as much political crises as they are economic ones. Indeed, the political manifestations of these events may linger long after the necessary economic reforms have been introduced to return at least a semblance of...

'Globalisation' is rapidly replacing the 'Cold War' as the most overused and under-specified explanation for a variety of events in international relations. For some, it represents a natural, indeed inexorable, progression towards a 'borderless world' signalling the end of the modern...

This paper uses a calibrated general-equilibrium model of North-South trade with carbon emissions to explore the strategic, open-economy implications of price and quantity based instruments for CO2 emission reduction. We compute non-cooperative environmental and trade policy equilibria and Nash...

This paper investigates the impact of ?outsourcing? on the relative wages and employment of the low-skilled in the UK. In contrast to previous studies which proxy outsourcing by imports from all countries, we examine whether the source of imports is important. We disaggregate UK imports...

Was the East Asian crisis just a creditor panic with a mad scramble for liquidity that brought the banking system to its knees and the region's much-vaunted 'economic miracle' to a standstill? Or was the miracle indeed flawed by fundamental problems in asset prices and resource allocation? After...

The changes associated with the globalising international economy have had significant effects on the nature and functions of national states. Rather than being in a process of decline in both relevance and effectiveness, the state remains central to the study of IPE and to processes of...

This is a background paper prepared for an informal expert meeting of the Development Assistance Committee of the OECD. It discusses technical assistance on trade for the least developed and poorer countries and tries to explore alternative partnership approaches for building new trade capacity....