Talks began early in March in Geneva between the members of the extended EEC and their trading partners. These negotiations are being held in accordance with GATT Statute which insists that third countries must be compensated for any disadvantages they may suffer as a consequence of Great...

"Although many modern studies find large and significant effects of prior colonial status on bilateral trade, there is very little empirical research that has focused on the contemporaneous impact of empire on trade. We employ a new database of over 21,000 bilateral trade observations during the...