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The Internet has transformed the way countries trade by reducing the costs of exporting. This paper quantifies the impact of Internet adoption on international trade. It shows that the Internet has a positive, nuanced, impact on international trade: bilateral exports are more affected when...
Persistent link: https://www.econbiz.de/10012245854
Since the Global Financial Crisis, world trade growth has been subdued and lagging slightly behind growth of gross … trade-income relationship, and then investigates its consequences for economic growth. On the demand side, sluggish world …
Persistent link: https://www.econbiz.de/10012246196
In this paper, the authors discuss the ways in which national governments, firms, and individuals respond to policy related to food safety, environmental protection, and trade. These responses must be considered in the development of policy to ensure the best possible outcomes. It accounts for...
Persistent link: https://www.econbiz.de/10012246901
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
Persistent link: https://www.econbiz.de/10012002696
China's Belt and Road Initiative aims to improve connectivity between China and more than 70 countries through infrastructure investment and regional cooperation. The initiative has the potential to accelerate significantly the rate of economic integration and development in the region, as trade...
Persistent link: https://www.econbiz.de/10012008384
This paper studies the production and trade linkages between a selected group of economies belonging to the Belt and Road Initiative (BRI). After defining a group of Belt and Road Economies, the paper uses three standard trade databases to analyze trade and production linkages among these...
Persistent link: https://www.econbiz.de/10011871250
shipment times and trade costs. For the world, the average reduction in shipment time will range between 1.2 and 2.5 percent …
Persistent link: https://www.econbiz.de/10011947471
Robert B. Zoellick, President of the World Bank Group, spoke on the theme that we are now in a new, fast …-evolving multipolar world economy in which outdated classifications no longer fit. He discussed these topics: (i) the end of the third … world; (ii) multilateralism matters; (iii) new sources of demand; (iv) new poles of growth; (v) Africa as a potential pole …
Persistent link: https://www.econbiz.de/10012645149
China's "Belt and Road Initiative" (BRI) includes major infrastructure investment projects - roads, ports, railways - that aim to improve connectivity along a number of transport corridors spanning 71 countries. In this paper we find that notwithstanding the large scale of the initiative,...
Persistent link: https://www.econbiz.de/10012645813
Jim Yong Kim, President of the World Bank Group, is inspired by Belt and Road Initiative, which will improve trade …
Persistent link: https://www.econbiz.de/10012645906