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While to an economist, business person or policy maker, movement of goods, services and foreign direct investment should logically be covered in the same agreement, history has not allowed this to happen. International legal regimes are spinning into greater fragmentation as the number of...
Persistent link: https://www.econbiz.de/10013084312
International law is not known for being quick or effective. Cases can drag on for years, have limited legal force, and are infamous for noncompliance. Until recently, the World Trade Organization (WTO) dispute settlement process had served as a beacon of hope for being one of the fastest and...
Persistent link: https://www.econbiz.de/10012858885
Political opposition to globalisation has risen in industrialized countries, although the positive overall effects on the growth of the world economy and the alleviation of poverty are empirically verifiable. However, the effects of globalisation vary according to regions, professional groups,...
Persistent link: https://www.econbiz.de/10011673994
In "Fairness in Practice - A Social Contract for a Global Economy" (2012) Aaron James proposes a substantial normative framework for a theory of fairness in the global economy. Based on a distinctive methodology of interpretive constructivism, James argues for an internal justification of...
Persistent link: https://www.econbiz.de/10011763094
. This article proposes a theory of fairness as part of a broader theory of justice, suggesting that fairness is a part, but … not the whole, of justice. Rather, justice may be thought of as a combination of equality plus fairness (i.e. justice …
Persistent link: https://www.econbiz.de/10014164759
After 26 years of trading under the North American Free Trade agreement (NAFTA), Mexico and its North American partners … enter a new phase with the entry into force of United States-Mexico-Canada Agreement (USMCA) on 1 July 2020. This note … quantifies the potential impact of the agreement on Mexico and assesses its implications for Mexico’s economic development in the …
Persistent link: https://www.econbiz.de/10013249950
The Canada-United States-Mexico Agreement (CUSMA), as amended by the Protocol of Amendment signed December 10, 2019 … threshold for tax and duty-free entry into Canada and Mexico of low-value goods imports; and easing some barriers to services … GDP and welfare for all three parties, with Mexico being hardest hit and the United States the least. Canada's real GDP …
Persistent link: https://www.econbiz.de/10012848468
This paper investigates the impact of foreign competition from China on employment and wages in four U.S.-Mexico border …. In contrast, and as expected, increased imports from Mexico are positively related to increased employment and wages in U ….S. Mexico border counties. The results indicate that the U.S.-Mexico supply-chain relationship related to the maquiladora …
Persistent link: https://www.econbiz.de/10014219328
Did the 2018/19 US-China trade war trigger adjustment of Global Value Chains (GVCs) and nearshoring to Mexico? We … address this question with confidential longitudinal firm-level trade data from Mexico that covers the universe of … in GVC activities in Mexico with linkages to Asian and US-based GVCs. Our analysis also reveals increased net exports and …
Persistent link: https://www.econbiz.de/10014340112
The United States has created the ultimate enforcement weapon for its intellectual property (IP) rights in Phase I of the 2020 U.S.-China Economic and Trade Agreement (USCTA). Under the USCTA, the United States has a unilateral right to declare China in breach of the treaty and to impose trade...
Persistent link: https://www.econbiz.de/10014095253