The emerging data-driven economy (DDE) promises to intensify the distributional issues that have contributed to disruptive political change in recent years. This raises the question of whether there a solution space in this economy that allows markets to clear and societies to maintain...

The consensus economic policy framework that evolved in the post-Bretton Woods era and the model of globalization to which it gave rise are in crisis due to political blowback. The framework has guided the system into a solution space that features stagnant growth and persistent deflationary...

Latin America's trade relationships have been severely strained by the series of uncoordinated currency depreciations within the region since the Asian Crisis spilled over into Brazil in 1999 and by large swings in G-3 exchange rates. Large depreciations, whether forced by capital markets or...

It is a cliché to say that the pace of change has accelerated. But the pace of change since the middle of the 1990s has been phenomenal. Somewhere in the mid-1990s, the world economy (and its political economy) seems to have taken a blind curve and started down an uncharted road, leaving...

This paper develops a new version of the GTAP database in which Canada is replaced by its provinces in order to allow the analysis of international trade agreements at a subnational level. The methodology in effect treats the individual provinces as separate trading entities, much like the...

This paper analyzes the impact of the Canada-Korea Free Trade Agreement on the basis of the published text and agreed schedule of commitments. We find that the Agreement reinforces existing patterns of comparative advantage between Canada (agriculture and resource-based sectors) and Korea (autos...

The decades-long economic boom that had made East Asia one of the main engines of the global economy has also given rise to concerns about the resource requirements and environmental impacts that the combination of Asian population sizes and Western consumption patterns would engender. In...