trade freeness, (ii) the possibility of rent appropriation on world markets, and (iii) direct quot;synergyquot; effects of … world consumer surplus. We also discuss the normative implications of quot;national championsquot;. The promotion of …

This paper presents new evidence on international trade and worker outcomes. It examines a big world event that … occurred in any of the world's four major currencies since the collapse of Bretton Woods. Exploiting this variation, the paper … intermediate imports. This provides new direct evidence that, in the modern world of global value chains, it is changes in the cost …