During the crisis era, while considerable attention was given to Chinese management of its currency’s exchange rate with the US dollar, the frequent alteration of rebates on value-added taxes (VAT) paid by exporters on the inputs they have imported has been overlooked. In this paper the...

Since the onset of the global financial crisis in 2007 governments have resorted to beggar-thy-neighbour measures. Conforming to previous historical bouts of protectionism the form of discrimination against cross-border discrimination changed. As well as documenting government attempts to tilt...

Using an extensive database of non-macroeconomic state interventions implemented since the global economic crisis began, this paper provides quantitative evidence on the resort to selectivity by several major economic powers. The propensity to promote certain sectors, certain firms within...

This paper examines the multilateral governance of trade along with the prospects for its meaningful reform, in the light of recent, crisis-era discrimination against the many types of cross-border commerce. Prior episodes of protectionism provide a useful benchmark. The findings are not...

This paper focuses on policies facilitating firm adjustment to globalization. We briefly review the effects of trade and investment liberalization on firms, focusing on within-industry effects. We postulate that governments' role in supporting the process is to: (i) ensure that firms face the...