The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

This is Bruegel’s third report on the internationalisation of European firms, and the first one that relies on new, internationally consistent data resulting from the seven-country survey undertaken within the framework of the EFIGE (European Firms in a Global Economy) project. In the first,...

The European Union and the United States have the largest trading relationship in the world, comprising about 60% of world trade (Perdikis and Read 267). They are also the greatest proponents of trade liberalization and multilateral trade cooperating in the world. Boeing was the undisputed king...

This paper considers whether US and European trade and industrial policies are in a process of ‘convergence’ around common policy type. Convergence is once again appearing in politics journals after a period of relative neglect. Convergence--the process by which economic activity in states...

The European Union and the United States have the largest trading relationship in the world, comprising about 60% of world trade (Perdikis and Read 267). They are also the greatest proponents of trade liberalization and multilateral trade cooperating in the world. Boeing was the undisputed king...

This paper considers whether US and European trade and industrial policies are in a process of ‘convergence’ around common policy type. Convergence is once again appearing in politics journals after a period of relative neglect. Convergence--the process by which economic activity in states...

[From the foreword]. What are the features of European firms that successfully compete in international markets? To what extent do they contribute to productivity and employment? What are the policies that can improve a nation’s foreign trade performance? What policies can promote the...

[From the foreword]. What are the features of European firms that successfully compete in international markets? To what extent do they contribute to productivity and employment? What are the policies that can improve a nation’s foreign trade performance? What policies can promote the...

This research output confirms the strength of the approach underpinning the EFIGE project, which is based on the recognition that firms are heterogeneous in the extent and the pattern of their internationalisation, as they are in many other respects. The project provides more, and more precise,...