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outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to …This paper develops a two-country, dynamic general equilibrium model with innovation contests to study the impact of … globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through …
Persistent link: https://www.econbiz.de/10013494330
Today international society faces a challenge in addressing the global financial and economic crises. Never-ending debates on the key causes of financial crises shows there is uncertainty in financial matter. Unlike risk, uncertainty cannot be forecasted by mathematical and stochastic methods....
Persistent link: https://www.econbiz.de/10013104817
The objective of this study is to enhance the understanding of inflation targeting tools, which can aid in the development of effective inflation targeting policies in the context of global trends exposure. The current paradigm of sustainable economic development is being challenged by the...
Persistent link: https://www.econbiz.de/10014358380
The G-20 has been established more than 10 years ago as a reaction to the Asian financial crisis without - at first - gaining much weight on the international scene, however, the financial crisis of 2007/08 has caused a re-vitalization on a higher level, namely as body of the "G-20 Leaders". The...
Persistent link: https://www.econbiz.de/10014168554
The panel and the Appellate Body have recently examined one of the national tobacco control measures (US – Measures Affecting the Productions and Sale of Clove Cigarettes). The dispute, which emerged between the United States and Indonesia, concerned the US ban on the use of certain flavouring...
Persistent link: https://www.econbiz.de/10013103940
The backlash against the expansive interpretation of key disciplines of international investment law by arbitral tribunals has prompted a host of strategies, implemented mostly by developing countries, aimed at walking away from the system. These range from denouncing the ICSID Convention and...
Persistent link: https://www.econbiz.de/10013103998
This paper takes an empirical, practical approach to test the proposition that systemic integration leads to greater coherence of international law. It builds on work by Professor Campbell McLachlan and others that specific treaty-based regimes can be located in the broader context of...
Persistent link: https://www.econbiz.de/10013104090
approach to financial innovation that the General Agreement on Trade in Services (GATS) of the World Trade Organization (WTO … financial crisis, financial innovation was regarded as inextricably linked with economic growth and aggregate welfare. In the … wake of the crisis, criticism as to the utility of financial innovation became more unequivocal. After reviewing the …
Persistent link: https://www.econbiz.de/10013104240
World Trade Organization (WTO). This literature on the Convention on the Diversity of Cultural Expressions describes three …
Persistent link: https://www.econbiz.de/10013104594
This paper argues that GSP labour rights conditionality is in conformity with WTO law. This hinges on the critical question of whether the realisation of labour standards can meet a ‘development need,' a term considered by the WTO Appellate Body report in the EC – Tariffs Preferences case,...
Persistent link: https://www.econbiz.de/10013104596