This paper takes up the question of whether market concerns about global imbalances in general, and the US external deficit in particular, are well founded. It reviews four arguments bearing on how concerned we should be about the widening of the US current account deficit since the Asian...

This note develops four alternative estimates of the trade-related impacts of the United Kingdom seceding from the European Union. We contrast two basic scenarios: an exit that re-sets the UK's relationship with the rest of the EU to a WTO-rules most favoured nation basis (“Brexit”), versus...

The mega regional trade agreements – the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), the Regional Comprehensive Economic Partnership (RCEP), and the Trade in Services Agreement (TISA) – will impact on non-parties through a combination of trade...

The Trans-Pacific Partnership includes a chapter on regulatory coherence and measures to reduce trade costs arising from divergent standards. We review the substantive content of the TPP's measures in light of existing processes in international organizations addressing good regulatory...

Modern deep and comprehensive economic partnership agreements have, as a central aim, the protection of the value of corporate assets deployed in international commerce, especially intellectual property. Different metrics and different policy lenses are needed to evaluate the impact of the asset...

The computable general equilibrium model has become the workhorse tool for assessing the impacts of bilateral trade liberalization. This paper draws on recent experience within Foreign Affairs and International Trade Canada in modeling the impacts of potential free trade agreements with various...

Concerns have been raised about the erosion of social choice and the widening income disparities between rich and poor countries, two issues which are often linked. The essays in this part comment on several aspects of this nexus of issues. Sovereignty & Social Choice under the Rules-Based...