Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...

The aim of the research presented in this paper is to assess the competitive potential of Polish agriculture (potential competitiveness) and the competitive position of the Polish agri-food sector on the Single European Market (SEM) with reference to the global context. The conducted research...

The concept of globalization refers to the growing interdependence of countries, resulting from the increasing integration of trade, finance, investments, labor markets and ideas in one global marketplace. The most important elements of this process are the international trade and the...

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...

The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...

Much of the globalization debate revolves around differences in living standards across nations after trade, not just the Ricardian gains as one moves from autarky to free trade. Further, productivity growth stemming from greater competition arguably outweighs the Ricardian gains in the...

It has been over one year since the invasion of Russia into Ukraine in February 2022. Several sanctions were applied, and its effects on the global economy in general, and Russian and Ukrainian economy in particular were serious. This aims to review the economic impacts of Russia and Ukraine war...

This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...

Rice is an important source for foreign exchange earnings for Pakistan's economy, keeping this fact in mind, this study is to calculate competitiveness of rice export of Pakistan in the international market compared to largest exporter countries and this article is the first empirical attempt...