Under the EU-wide Emission Trading Scheme (ETS), CO2 allowances have thus far been allocated largely free of charge. This paper presents a didactic synthesis on the impact of the ETS and argues that such a cost-free allocation will lead to an increase in electricity prices even when strong...

The "Trade Policy Review Mechanism" passed within the framework of the Uruguay Round is intended to increase the transparency of national trade policies and to improve adherence to the rules of GATT. The following article offers a first evaluation of the new instrument.

Developing countries tend to take a negative view of the protection of intellectual property rights as reflected in the TRIPs agreement, as this seems to conflict with their own developmental needs. As the following article points out, there are, however, a number of reasons why developing...