In Canada, and indeed throughout the industrialized world, manufacturing is under pressure from a number of major supply side shocks, including technological change and the integration of labor-abundant emerging markets into the global division of labor. In Canada, these impacts have been...

Dutch Disease emerged as a journalistic label that subsequently prompted theoretic treatments in various fields, including trade, growth and development, fiscal policy, monetary policy, industrial policy, and public policy management. The resulting body of theoretical and empirical work...

This report assesses major opportunities and constraints for the development of Eastern Africa's manufacturing sector, considers suitable examples from other regions, and draws lessons to enhance the manufacturing sector's contribution to Eastern Africa's economic transformation. The report is a...

China’s WTO accession was a landmark event bringing one of the world’s major trading economies fully into the international rules-based system. The major features and implications of China’s accession agreement are reviewed and, given China’s success in trade and investment outside the...

The accelerated expansion of China’s trade and current account surpluses since 2004, and the associated expansion of China’s foreign exchange reserves in the context of very rapid investment-driven domestic economic growth and adverse movements in China’s terms of trade have led China’s...

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...

Are exports systematically associated with diplomatic representation abroad? Given the expenses of maintaining posts abroad, this question is obviously of deep interest to governments seeking to promote their country's export performance while coping with budgetary pressures. In a recent...

In this paper, we examine the proposition that Canada’s economic relationship with Asia has languished, or at least has not lived up to its potential. To do so, we draw on the conventional gravity model of international trade and investment and take advantage of the similarity between Canada...

The Trump Administration is proceeding with unilateral measures to address what it has characterized as “unfair” trade, risking retaliation, but banking on a threat of massive escalation to extract a favorable outcome for itself. Notwithstanding widespread speculation that the threats to...