A pivotal factor to improving the economies of developing countries is to eliminate trade barriers and increase market access. This paper examines efforts at liberalizing trade in developing countries. It explains the various multilateral trade agreements and negotiations and analyses their...

This paper explores the impact of past and future growth in the Association of Southeast Asian Nations (ASEAN), the People's Republic of China (PRC), and India — the ACI countries — on aggregate welfare, relative wages, and global emissions in the rest of the world. It outlines several...

The typical narrative regarding the evolution of world trade prior to World War II refers to a secular rise starting around 1870 and a subsequent collapse beginning in 1914. This narrative, however, is based on measures of trade openness that do not fully take into account purchasing power...

The typical narrative regarding the evolution of world trade prior to World War II refers to a secular rise starting around 1870 and a subsequent collapse beginning in 1914. This narrative, however, is based on measures of trade openness that do not fully take into account purchasing power...

A few economists, researchers and many pundits in international business and international economics suppose that international trade has either begun to decrease or is about to decrease due to changes in the structure of the world economy. This paper rejects the empirical basis of this...

Using monthly data on trade in goods between January 2016 and May 2023, this study assesses the impact of recent shocks on the fragmentation of the global economy, looking in particular at the dynamics of friend-shoring, near-shoring and decoupling between the world's two largest economies....

This paper is an attempt to provide an ideological postulation of Adam Smith and Karl Marx on globalization. This paper gives a fair picture of the different dominant nations over a period of time from sixteen century till 2010. The industrialzation in Europe and later on in North America...

Nigeria has long been trying to learn how best to manage boom-bust cycles in global commodity prices, adopting an oil-price benchmark for annual budgets while saving revenues above the benchmark in an excess crude account in the half decade before the 2008/2009 global crisis. The crisis and its...

Korea has achieved remarkable economic development since the 1960s, rising within a single generation from one of the poorest countries in the world to one with an affluent economy supported by world-class industries and large production capacities. This successful development of Korea has been...

We provide an analysis of the 2008-2009 trade collapse using microdata from a small open economy, Belgium. First, we find that changes in firm-country-product exports and imports occurred mostly at the intensive margin: the number of firms, the average number of destination and origin markets...