1. Historical context: First Globalization, British Empire, effects on the colonies, Industrial revolution in Britain, Deindustrialization in Bengal, slave trade -- 2. New Globalization starts with the abolition of the Soviet Union in 1991. WTO in 1995, impacts on Yugoslavia, Brazil, India....

We revisit the question of the quantitative benefits of WTO trade agreements in a setup that is non-standard from the traditional trade policy point of view. We show that in a New Keynesian model, unilateral trade liberalization reduces welfare due to terms-of-trade deterioration, creating an...

In the Doha Round, negotiators are discussing the elimination or continuation of the special agricultural safeguards introduced by the Uruguay Round as well as the creation of special safeguard mechanism for use by developing countries. This paper argues that, in violation of the spirit of the...

This paper analyzes the appropriate sequencing between accession to the World Trade Organization (WTO) and the implementation of the Eurasian Economic Community (EAEC) customs union and whether the latter facilitates or delays WTO accession for some member countries of the Commonwealth of...

The paper contributes to the discussion about the revenue implications of trade reform by assessing the approximate fiscal revenue impact of different liberalization formulae under consideration in multilateral trade negotiations for a group of low- and middle-income countries. The study applies...

The paper explores empirically the links between the WTO-driven liberalization of trade in financial services and the stability of national financial systems. Econometric testing of indicators intended to proxy financial sector stability-subdivided into exchange rate and banking sector...

The paper seeks to establish a link between the liberalization of trade in financial services undertaken by countries under the WTO and the stability of their financial systems. The paper concludes that liberalization has generally been conducive to stability because of the mutually reinforcing...

This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...

1. China and its New Position in the World Economy -- 2.China's Economic Growth and its Main Sources -- 3. The Growing Importance of China in Global Trade -- 4. FDI as a Driving Force of China's Expansion -- 5. The Importance of the Energy Sector in China's Growth Strategy -- Quo Vadis China

Introduction: Trade Relations, Business Opportunities and Policy Instruments for Fostering Africa's Trade -- Africa and the WTO Trade Facilitation Agreement: State of Play, Implementation Challenges and Policy Recommendations in the Digital Era -- Trade Facilitation and SPS from an African...