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This paper provides a systematic, quantitative analysis of the short-run and long-run effects of various trade-restricting policies in the presence of global value chains and multinational production. Using a two-country dynamic stochastic general equilibrium model with endogenous firm entry and...
Persistent link: https://www.econbiz.de/10012003471
'Global Tariff War: Economic, Political and Social Implications' traces the range of impacts that global tariff wars in international trade can have on the growth and expansion of national economies. The Global economic and political status quo has faced turmoil after the US President's 2018...
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This book evaluates the evolution of regulatory policy in advanced countries and discusses how policy changes in one country can affect other nations in a globalized world. Separated in two parts, the first half of the book focuses on policy in developed countries and regulatory diffusion from...
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This paper studies the impact of foreign barriers to goods and services trade on domestic jobs that are directly or indirectly related to trade flows. Using the ILO’s recently published estimates of the number of jobs in global supply chains, the empirical analysis in this paper largely...
Persistent link: https://www.econbiz.de/10012209266
This paper contributes to the developing literature on weaponized interdependence by demonstrating through a case study of American export controls targeting Huawei that global value chain (GVC) analysis is a more appropriate tool to analyze the effects of weaponizing supply chains than the...
Persistent link: https://www.econbiz.de/10014243720
The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
Persistent link: https://www.econbiz.de/10014560198