Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally optimal according to static government preferences,...

Quadrilateral Security Dialogue comprises a group of countries - the US, Japan, Australia, and India, that started maritime collaboration in the wake of the 2004 Indian Ocean Tsunami. The initiative lasted for a brief period before falling apart in 2008. The countries re-banded together in 2017...