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-a-vis RTA trading partners result in no expansion or deterioration of the overall trade balance. First, using the data on 138 …), this paper shows that upon a 10% depreciation towards non-RTA trading partners results in a 4.4% improvement of the … aggregate trade balance. A similar competitive depreciation towards RTA trading partners has resulted on average 3 …
Persistent link: https://www.econbiz.de/10011615589
are most commonly found in RTA chapters on e-commerce or in those dedicated to Customs and trade facilitation. Their …
Persistent link: https://www.econbiz.de/10011658327
The emergence of production networks has changed the structure of international trade, which a large share of intra-regional trade flows and the rising value of intermediate goods trade or network trade between countries within the same region reflect. While a production network exists in both...
Persistent link: https://www.econbiz.de/10012137062
In all the regions of the contemporary world - including Asia - there is a growing trend in market consolidation through regional collaboration in the form of bilateral and regional trade agreements. Regional cooperation and integration can facilitate the way for expanding markets and creating...
Persistent link: https://www.econbiz.de/10009725095
The global economic crisis refocused attention on the governance of international economic institutions (IEIs). This study uses the analytical framework of club theory to highlight structural obstacles to reform in international macroeconomic management, development finance, trade, and financial...
Persistent link: https://www.econbiz.de/10003901475
The global economic and financial landscape has been transformed over the past decade by the growing economic size and financial power of emerging economies. The new G20 summit process, which includes the largest emerging economies, has established high-level international policy cooperation in...
Persistent link: https://www.econbiz.de/10008732364
This study investigates the impact of global crisis shocks on India's trade and industry. We use both panel data modeling and vector autoregression techniques to understand the dynamic effects of global crisis shocks on Indian industry and trade. The estimated results of panel data models show...
Persistent link: https://www.econbiz.de/10009161607
Most projections envision continued rapid growth in the members of the Association of Southeast Asian Nations (ASEAN), the People's Republic of China (PRC), and India (collectively, ACI) over the next two decades. By 2030, they could quadruple their output, virtually eliminate extreme poverty,...
Persistent link: https://www.econbiz.de/10009690840
This paper argues that calls for a New Bretton Woods system in the aftermath of the global economic crisis - similar to the remarkable 1944 Bretton Woods conference that led to the establishment of various international economic institutions - are unlikely to be answered. The likely scenario is...
Persistent link: https://www.econbiz.de/10009690843
This paper explores several mechanisms by which the barriers imposed by rules of origin may be reduced through effective trade facilitation efforts. Also discussed are the functional similarities of a variety of other requirements on international trade with rules of origin, including...
Persistent link: https://www.econbiz.de/10003927375