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East Asia, for long the epitome of successful engagement in trade, faces serious challenges: technological change that may threaten the very model of labor intensive industrialization and a backlash against globalization that may reduce access to important markets. A detailed analysis of the...
Persistent link: https://www.econbiz.de/10011903074
This paper looks at the role and design of regulatory reform institutions in developing countries. These institutions … and by promoting the regulatory reform agenda; and 4) Ad hoc institutions for regulatory reform, established to launch …: section one briefly reviews the theoretical debate and literature about the role of institutions in facilitating higher …
Persistent link: https://www.econbiz.de/10012247308
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to manipulate both international and domestic prices of resources, yet this policy is largely outside the disciplines of the WTO. The instruments used include export taxes, price...
Persistent link: https://www.econbiz.de/10010326795
This paper examines the rationale for the rules on domestic subsidies in international trade agreements through a framework that emphasizes commitment. We build a model where the policy-maker has a tariff and a production subsidy at its disposal, taxation can be distortionary and the...
Persistent link: https://www.econbiz.de/10010326796
This paper studies the relationship between export policy and food prices. We show that, when individuals are loss averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a complementarity between the price of food in international markets...
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