This study presents an analysis of Ghana’s performance in export of cocoa using the revealed comparative advantage and revealed symmetric comparative advantage measures of competitiveness for the periods 1964-69 (immediate years following the collapse of world price of cocoa), 1983-92 (Reform...

Abstract The paper describes the joint policy of Brazil and Argentina regarding the currency use in bilateral trade. The Local Currency Payment System (SML) framework is investigated as an instrument of reducing trade costs by providing new financial integration mechanisms and its implications...

In view of the global run on African resources the EU is at pains to conclude Economic Partnership Programs with African states up to October 2014. The EPAs are meant not just to liberalize trade but also to promote economic development in Africa and thus creating a win-win situation in a...

EU- Africa Economic Partnership Agreements (EPAs) are on the brink. In February 2014 West African leaders agreed in principle to conclude an agreement. However, last-minute objections of the heavy-weight Nigeria which wants to protect its infant industries as well as promising trade relations...

Trading blocks can help or hinder the liberalization of world trade. A determining factor is whether trade within the block is organized around traditional comparative advantages, or around economies of scale. Regional free trade agreements such as NAFTA can be a substitutes for global free...

This article describes the macroeconomic model used in an ongoing study of technology policies and North-South relations. Other aspects of the study have been described elsewhere [1,2]. We examine here the rationale for the theoretical structure used in the model, the details of the equations,...

Although American business leaders do not like protectionism, more and more of them are concluding that too many countries are stacking the deck against American competitors. The severe recession of 1980-83 and its lingering effects in certain regions and business sectors; unemployment stuck at...

The paper explores the impacts of resource export policies on major macro variables of the exporter and the importer economies. There are two regions, North and South, trading resources for industrial goods. Each region consumes two goods (basic consumption goods and industrial goods) and...

So far no existing study has analyzed what determines people’s trust in the IMF, the World Bank, and the WTO even though – in the absence of democratic accountability – this is one of the few ways to assess the legitimacy of these institutions. This study is intended to fill this gap in...

The declared objective of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) is to promote free trade between member states. Nonetheless, an exhaustive study of bilateral merchandise trade based on a large panel data set led Rose (2004) to conclude that...