This paper addresses the issue of how developing economies acquire new capabilities and the role of industrial policy in facilitating the technology acquisition that underpins these new capabilities. We focus on the role of the firm as aggregator of production technologies, business methods,...

The European Union is mired in a bad economic equilibrium of stagnation and deflation – stag-deflation. While the problem is excess supply and inadequate demand, current policy, premised on private-sector-investment-led growth, aims to expand supply further through ultra-low interest rates....

When national competitiveness is invoked as a policy objective, trade experts have learned to retort that countries don't trade, firms do. This focus on the importance of the firm in international trade is consistent with the most recent developments in trade theory, but policy needs to catch...

When national competitiveness is invoked as a policy objective, trade experts have learned to retort that countries don't trade, firms do. This focus on the importance of the firm in international trade is consistent with the most recent developments in trade theory, but policy needs to catch...

The Doha Round has laboured from the beginning. Trade agreements have commercial objectives but the Doha Round was launched as an international political response to 9/11; the technical groundwork had not been laid and the movement on the built-in agenda had been negligible. Coming out of Hong...

At a time of unprecedented growth in trade fueled in part by a wave of trade liberalization, there has been a strong counter-current in terms of growth in non-tariff measures (NTMs) that tend to restrict trade. This short note takes up two questions: Why have NTMs proliferated and what are the...

This study seeks to identify and estimate the relative importance of supply - versus demand - side constraints on Ethiopia's exports. Ethiopia has tried radically different trade strategies in the past, including a strategy of import replacement/protection for infant industries during the...

Canada has historically been one of the major users of anti-dumping and anti-subsidy measures in international trade. This monograph provides an extensive and detailed review of Canadian practice under the Special Import Measures Act. It evaluates the performance and effectiveness of Canada's...

The distinction of introducing the first anti-dumping measure falls to Canada. At a time when tariffs were not bound, what made the duty special was that it could be levied administratively, rather than being enacted. In historical context, anti-dumping first made its appearance in an era that...