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In 2019 and the early months of 2020, global trade faced two major albeit very different shocks, namely the United States-China trade war and the cascading response of the countries around the world to the COVID-19 pandemic. While the former situation involved a pair of centrally-placed trading...
Persistent link: https://www.econbiz.de/10012216809
Agreement on Trade Related Aspects of Intellectual Property (TRIPS) was adopted in 1995 as one of the agreements under the World … Trade Organization (WTO). In 2001, WTO Members emphasised that the "TRIPS Agreement does not and should not prevent Members … to the flexibilities in the TRIPS Agreement and many developing countries used these flexibilities to facilitate access …
Persistent link: https://www.econbiz.de/10012319097
pharmaceutical industries. Thus, governments should utilize TRIPS flexibilities and other regimes like price control to offset the …
Persistent link: https://www.econbiz.de/10010273457
This paper explores how value-chain governance affects the innovation performance of suppliers of intermediate products. We take advantage of a unique dataset of Italian firms to identify governance regimes along suppliers' technological capabilities and the level of explicit coordination in the...
Persistent link: https://www.econbiz.de/10015458069
The global fragmentation of production has important implications for the environment. As emerging economies increase their participation in trade, scale effects increase environmental impacts worldwide. Yet at the same time, access to international markets might help offset these impacts by...
Persistent link: https://www.econbiz.de/10015458076
In this paper, we investigate the nature of the density metric, which is employed in the literature on smart specialization and the product space. We find that although density is supposed to capture relatedness between a country's current specialization pattern and potential products that it...
Persistent link: https://www.econbiz.de/10015458077
Export diversification is central to economic development. However, most resource-rich countries have failed to diversify. In understanding the determinants of diversification different strands of literature emerge. One view highlights the role of macroeconomic and trade-related factors linked...
Persistent link: https://www.econbiz.de/10015458079
We propose to use canonical correspondence analysis (CCA) as a way to summarize the main trends in the dynamics of trade, global value chains and development over the period 1995 – 2018. CCA is a descriptive method that extends the algorithm (non-canonical correspondence analysis) that is...
Persistent link: https://www.econbiz.de/10015458080
A relatively recent, yet rapidly proliferating strand of literature in the so-called econophysics domain, known as 'economic complexity' , introduces a toolkit to analyse the relationship between specialization, diversification, and economic development. Different methods that aim at reducing...
Persistent link: https://www.econbiz.de/10015458082
We aim to contribute to the literature on product space and diversification by proposing a number of extensions of the current literature: (1) we propose that the alternative but related idea of a country space also has empirical and theoretical appeal; (2) we argue that the loss of comparative...
Persistent link: https://www.econbiz.de/10015458118