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Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper assesses to what extent the change in the...
Persistent link: https://www.econbiz.de/10012983093
This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using global input-output matrices, we construct four different tariff measures that capture the direct and indirect exposure to tariffs at different stages of the production chain for...
Persistent link: https://www.econbiz.de/10013295005
interests within the World Trade Organization (WTO) puts into question its ability to achieve its central objective of free …
Persistent link: https://www.econbiz.de/10013306356
The world is witnessing growing turbulence stemming from geopolitics and a tangible threat of economic disintegration …
Persistent link: https://www.econbiz.de/10014496726
growth of networks of interdependence within multinational regions of the world. The recent decades are characterized by the … fact that the world trade grew faster than world output, which implies that an increasing share of world GDP crosses … economic integration is being created within a few specific regions of the world: Europe, North America and East Asia …
Persistent link: https://www.econbiz.de/10014209166
Standard political economy analysis suggests that, in China and India, as in other countries, domestic producers … promotes growth? How have WTO rules so far affected the ability of India and China to promote growth in these respects? This … essay examines the constraints that the WTO may impose on China and India as they engage in industrial policy towards …
Persistent link: https://www.econbiz.de/10014056532
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10014025382
shaped by US power. How is the rise of China affecting global economic governance? This article analyzes the case of export … global trade governance. I show that the rise of China is profoundly altering the landscape of export credit and undermining … its governance arrangements. State-backed export credit is a key tool of China’s development strategy, yet I argue that an …
Persistent link: https://www.econbiz.de/10013252213
This volume was prepared by Inga Heiland while she was working at the Ifo Institute. It was completed in July 2016 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It comprises five chapters addressing one or more aspects of international trade and...
Persistent link: https://www.econbiz.de/10011736433
Persistent link: https://www.econbiz.de/10011988643