Showing 1 - 10 of 626
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...
Persistent link: https://www.econbiz.de/10014400926
China''s increasing integration with the global economy has contributed to sustained growth in international trade. Its exports have become more diversified, and greater penetration of industrial country markets has been accompanied by a surge in China''s imports from all regions-especially...
Persistent link: https://www.econbiz.de/10014404079
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across borders and through commercial presence. Trade liberalization could complement other financial reforms by enhancing the efficiency, quality, and variety of financial services and...
Persistent link: https://www.econbiz.de/10014399959
the General Agreements on Trade in Services (GATS). It provides an overview of the main features of the GATS and what the … participants in banking and securities within its framework, and compares GATS liberalization with the actual state of … emerging markets liberalized little under the GATS despite often well-developed financial markets, while the opposite was true …
Persistent link: https://www.econbiz.de/10014403355
Small and poor countries pose a challenge for the World Trade Organization (WTO). These countries have acquired a significant say in WTO decision-making. However, they have limited ability to engage in the reciprocity game that is at the heart of the WTO, and have limited interests in the...
Persistent link: https://www.econbiz.de/10014401438
The substantial increase in foreign direct investment (FDI) in recent years has triggered a discussion of a uniform treatment of investment in international law. Most contributions to the multilateral investment framework derive from the World Trade Organization (WTO) agreements on trade...
Persistent link: https://www.econbiz.de/10014399606
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...
Persistent link: https://www.econbiz.de/10014402033
Persistent link: https://www.econbiz.de/10009572510
Distance, as a proxy for trade barriers, is found in many studies to matter even for weightless cross-border financial investments and lending, possibly due to the presence of information asymmetries. Its importance is tested in this paper using exports of all five broad categories of the U.K.'s...
Persistent link: https://www.econbiz.de/10012796259
Using a newly constructed dataset on trade in services for 192 countries from 1970 to 2014, this paper shows that services currently constitute one-fourth of world trade and an increasingly important component of global production. A detailed analysis of patterns and stylized facts reveals that...
Persistent link: https://www.econbiz.de/10011670531