Several Caribbean sugar producing countries are actively looking for viable alternatives to recover some of the expected lost revenues due to the WTO (World Trade Organization) ruling that sugar subsidies in the European Union (EU) are illegal. One alternative worth considering is exporting...

Anger and optimism are coexisting themes related to the growing liberalization of international trade and the resultant transforming forces of globalization. While international trade and globalization offer the world community many benefits, there also appear to be negative consequences,...

The post-World War II world trading system is now more than fifty years old, and not surprisingly, it has evolved through a number of different stages of development and survived a series of perils. Recently, however, the perils seem even greater than before. The failure of the Seattle...

The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities they face goes back to Edgeworth (1894). Despite the centrality of the optimal tariff argument in trade policy, there exists no evidence about whether countries actually...

Angesichts der Bedeutung ausländischer Direktinvestitionen in den globalen Wirtschaftsbeziehungen ist ein multilaterales Investitionsabkommen (MAI) zwingend notwendig. Dieses sollte die Liberalisierung der Etablierung und des operativen Geschäfts ausländischer Investoren induzieren wie auch...

Bis vor wenigen Jahren wurde die chinesische Automobilindustrie in internationalen Industriekreisen kaum wahrgenommen. Sie war klein, von preiswerten einheimischen Nutzfahrzeugen geprägt, rückständig und vom Rest der Welt isoliert. Heute wird China in zahlreichen Zeitungsartikeln als "Motor...

In the early 1990s, the United States began to run a significant trade deficit with China due to the dual forces of greater trade liberalization and China’s transition from a command economy towards a market economy. Proponents of free trade with China argue that greater integration will lead...