While it is commonly accepted that multilateral liberalization will bring the greatest global gains from liberalization, regional agreements may be much more feasible in the short term. The dictum from the traditional trade theory on the superiority of unilaterally applied free trade for a small...

The Asian economies have become an epitome of "trade as an engine of growth" during the past several decades as they have been expanding economic and human development, using trade as a ladder. Most of the economies have become highly integrated into the world economy, either through direct...

The global economic crisis has attracted renewed attention to the issue of trade finance as exporters in some countries, particularly SMEs, struggle to secure much needed short-term financing and protection against rising commercial risks at a time when demand for their products has fallen...