Multilateral trade rules have maintained stable and predictable trade flows. Developing countries increased their participation in world markets but marked asymmetries persist; not all countries are benefitting from trade. Successive trade rounds and numerous regional trade and bilateral...

Multilateral trade rules have maintained stable and predictable trade flows. Developing countries increased their participation in world markets but marked asymmetries persist; not all countries are benefitting from trade. Successive trade rounds and numerous regional trade and bilateral...

The article discusses issues related to the assessment of the impact on the level of bound tariff \"Policy Space\" within the trade negotiations in the WTO. The concept of \"Policy Space\" focuses on tariff component. In the article the quantitative analysis of bound tariffs was implemented in...

This paper offers, first, a critique of the relative lack of economic theory in ‘British’ Global Political Economy and then use of neoclassical rational choice theory in American mainstream IPE from the perspective of critical scientific realism. Keynesian economic theories provide perhaps...

On many measures, the indigenous movement in Ecuador has been the most successful in Latin America. This is particularly the case in political terms where they were key players until leaving the Gutiérrez cabinet. Their influence on the direction of economic policy has been minimal, however,...

The new conventional wisdom on globalization emphasizes that reaping the benefits of trade and financial integration is not automatic, and requires better domestic institutions, essentially improved safety nets in rich countries and improved governance in the poor countries. The prevailing...

Abstract The purpose of this paper is to examine whether industrial policy has any place in industrialization and economic development of developing countries in the new world economy. The author argues that the answer to this question depends on the development objective of the country and the...

Some theories consider the possibility to multilateralize regional approaches and to establish global system of rules based on regionalism. These tendencies are also tailored on international trade. Nevertheless, the fundamental problem of the multilateral trading system in the framework of the...

This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...