The European Union and the Mercosur are actually negotiating an inter-regional Free Trade Area, even though the conditions of access of Latin American products to European market are relatively restrictive. In a matter of fact, the European Union's Commercial Policy is very discriminatory and is...

The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very strong home bias around the time of disintegration,...

Regional cooperation is a stepping stone for economic integration within a geographic region. It may be market-driven integration without any explicit agreement implying that private sector is actively engaged in bringing convergence among the economies. Economic integration may also be pursued...

The European Union and the Mercosur are presently negotiating a Free Trade Area, and that may improve the conditions of access of Latin American exports to the European market. In a matter of fact, the European Union's Commercial Policy is very discriminatory and is not favorable to Mercosur...

This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period (2019M1-2021M12); then, the GMM and PCSE approaches are...

In the forthcoming negotiations on new trading arrangements between the African, Caribbean and Pacific (ACP) countries and the European Union (EU), the ACP Group will be confronted with a number of issues. This paper reviews the state of the current debate, presents some of the options advocated...

If sectoral trade flows obey structural gravity, countries' bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major economies and the Rest of the World, we show that large and pervasive...

In 2022, the world is at war. There are political/military and economic dimensions and multiple fronts. The conditions for war were established by the relative decline of US power and by changed technological conditions that have unleashed geoeconomic competition to dominate the new...

The aim of this paper was to review the tectonic changes in the structure of economic linkages in the Eurasian continent. Within the last two decades, the end of the autarky of China and the COMECON bloc led to a dramatic opening to the global economy and to cooperation within the Eurasian...

The Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership will impact on substantive market regulations in a wide a range of areas bearing on market access, both by establishing substantive new horizontal and sectoral standards and by establishing requirements regarding...