The brutal drop in global trade during the last quarter of 2008 and the first months of 2009 has been the subject of much discussion. Some have seen this fall-off, which was considerably steeper than the accompanying decline in production, as a reversal of previous trends. The international...

European integration is endangered by rising fears of sovereign default. Against this background, assessing the economic impacts attached to the Single Market is crucial to measuring the overall benefits provided by the European Union to its citizens. Over the last thirty years, substantial...

China was a major player in the rise of global imbalances in the mid-2000s. If its overall trade surplus has decreased since 2007, its bilateral surpluses with the U.S. and Europe remain quite large. China’s import demand has mainly benefited to its Asian neighbors and to raw material...

Since 2000; international trade has been characterized by a strong demand for primary products; an acceleration of exports from large emerging countries and a rise in trade in services under the leadership of developed countries. How did European specialization evolve in such environment? Europe...