"Poor countries are believed to be trapped in a vicious circle of poverty where low incomes lead to low savings and insufficient resources for investments. Foreign aid is supposed to boost investment and link poor countries to a virtuous circle of growth. But real per capita growth has not been...

Sino-European trade relations have affected Europe's bilateral comparative advantages over time. The change in bilateral trade is compared to the overall development of European trade to highlight the features of China's structural change. China is shown to be increasingly specializing in...

Sino-European trade relations have affected Europe's bilateral comparative advantages over time. The change in bilateral trade is compared to the overall development of European trade to highlight the features of China's structural change. China is shown to be increasingly specializing in...

The global economic crisis, and governments’ responses to the crisis, did not precipitate a descent into 1930s-style protectionism. That is a relief. But it provides no refuge from policy measures that will slow down globalisation and growth in the next decade. ‘Creeping...

"The trade politics of EU-China commercial relations have sharply deteriorated in the last year. Obsessed by the EU's trade deficit with China, European leaders have become shrill and confrontational in their approach. China has contained its irritation over the EU's China-bashing, but has...

Many banks are on the verge of bankruptcy and have received support from the government to stay afloat. Measures taken have not sufficed, and an increasing number of economists and commentators are calling for the nationalisation of banks in the United Kingdom and United States. In their...