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Far less attention is given to the even more rapid proliferation of bilateral investment treaties (BITs) and their overlap with obligations assumed by WTO Members under the General Agreement on Trade in Services (GATS). About 60 per cent of world foreign investment stocks are in services and,...
Persistent link: https://www.econbiz.de/10010326714
This Working Paper contains some observations concerning the evolution of trade and trade-related policies in the Asia-Pacific region since the establishment in 1989 of the Trade Policy Review Mechanism (TPRM), whose goal is to improve the transparency of these policies. It also draws some...
Persistent link: https://www.econbiz.de/10010326768
It has sometimes been argued that globalization benefits only a small number of countries, and that this leads to greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater concentration in international trade and investment...
Persistent link: https://www.econbiz.de/10010330166
This note discusses capital controls using insights from the trade policy literature. It highlights some key issues that have been neglected in the current international debate on capital controls. Capital is tradable in the same way as many goods and services are. As a result, much of the...
Persistent link: https://www.econbiz.de/10010330169
Non-transparency is a term given in this paper to a set of government policies that increase the risk and uncertainty faced by economic actors foreign investors. This increase in risk and uncertainty stems from the presence of bribery and corruption, unstable economic policies, weak and poorly...
Persistent link: https://www.econbiz.de/10010330172
The rapid rise in global fragmentation - foreign investment, global supply chains, and 'production sharing' - is fundamentally reshaping the multilateral trading system. This paper uses a simple economic modeling framework to understand how the global fragmentation phenomenon may reshape the...
Persistent link: https://www.econbiz.de/10010435367
In most of the current literature, the spread of regionalism in international trade relations is discussed in terms of a rapidly rising number of preferential trade agreements (PTAs). Far less attention is given to the even more rapid proliferation of bilateral investment treaties (BITs) and...
Persistent link: https://www.econbiz.de/10014220812
subsidies and other measures to promote exports. Under macroeconomic and trade reforms of the last decade, many countries have … reduced or eliminated import measures which operate as an implicit tax on their own exports. While more needs to be done in … this regard, various export promotion measures other than subsidies may be useful as a transitional device for countries …
Persistent link: https://www.econbiz.de/10010330174
Agriculture is highly important to the sustainable performance of economies in Sub-Saharan Africa (SSA), and a sound sanitary and phytosanitary (SPS) system plays a key role in this respect. SPS measures are one of the many trade topics covered by TPR reports on WTO Members. Therefore, we found...
Persistent link: https://www.econbiz.de/10012201830
This paper examines empirically whether Aid for Trade (AfT) programmes and Foreign Direct Investment (FDI) inflows affect export upgrading and, if so, whether their effects are complementary or substitutable. Export upgrading entails export diversification (including overall export...
Persistent link: https://www.econbiz.de/10011412104