This paper examines the evolution of the EU’s trade in services over the 2004-2008 period in comparison with its trade in goods. It aims to disentangle the main trends shaping the EU’s services trade flows under the impact of increasing globalisation and the last two waves of EU enlargement....

This article argues that the global financial crisis has weakened institutional support for financial liberalization in regional trade agreements and increased transaction costs in the financial services sector. Due to the lack of cooperation among international economic organizations, regional...

The global financial crisis so far has taught stakeholders some lessons. One lesson is that it has provided substantial evidence in favour of the view that ‘self-regulation' or the ‘invisible hand' cannot be relied upon to ensure financial stability. In view of this, the task of...

The recent economic downturn in South Asia in the wake of the global financial crisis lowers the economic growth potential and leads to additional economic and social hardship. In response to these challenges, this paper advocates structural change as the inclusive new source of growth....