The European north-south divide has been an issue of a long-standing debate. We employ a Global VAR model for 28 developed and developing countries to examine the interaction between the global trade imbalances and their impact within the euro-area framework. The aim is to assess the propagation...

Introduction -- Power, institutions and legitimacy in trade politics -- The evolving rules and practice of trade with developing countries : from Lomé to Cotonou -- North-South PTAS and the multilateral system : contesting the EPAs -- Regionalisms collide : the EPAs in Africa -- Institutions...