Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and emerging economies often does not close. This paper examines credit constraints as one channel held responsible for hampering convergence. Specifically, we extend a Melitz and...

This paper provides an assessment of the potential economic impacts of the Vietnam-Korea free trade agreement on Vietnam, by using general equilibrium modeling. The results show that Vietnam-Korea FTA will increase aggregate welfare for both countries in the long run. The most important gains...

South Asia could unleash its full potentials, provided, it improves the infrastructure facilities, which are at present not sufficient to meet the growing demand of the region. The renewed and shared agenda of the South Asian regional cooperation should aim to reduce both intra- and inter-...

This article places international trade law in the context of the rapid increase in economic growth and globalization over the last 60 years that is reducing poverty and expanding the middle class in most nations of the world. This economic and cultural integration of markets and peoples has...

More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...

Multilateralism is associated with a variety of benefits. Involving more states can help monitor compliance and contribute toward enforcement. Yet, in international dispute settlement, multilateralism can backfire. When legal processes are open to participation by non-litigant countries,...

Open regionalism and integration between the world's two largest developing countries - the People's Republic of China (China) and India - in trade, investments and infrastructure development can foster outward-oriented development and economic and social benefits that could result in poverty...

This paper analyzes the international trade relations of the United States, Canada, and Mexico with the Trans-Pacific Partnership (TPP) member countries currently and historically in order to provide insights for TPP's future effects provided it potentially comes into force. Using a gravity...

This paper provides an assessment of the potential economic impacts of the Vietnam-Korea free trade agreement on Vietnam, by using general equilibrium modeling. The results show that Vietnam-Korea FTA will increase aggregate welfare for both countries in the long run. The most important gains...

This study investigates the potential trade flows between countries of South, East and South East Asian region as a result of tariff liberalization using the GTAP-model. The study reveals that tariff liberalization has positive effects on all country groupings of South, East and South East Asian...