Competition policy, today, is an essential element of the legal and institutional framework for the global economy. Whereas decades ago, anti-competitive practices tended to be viewed mainly as a domestic phenomenon, most facets of competition law enforcement now have an important international...

The developing and least developed countries in the South and Southeast Asia have emerged as dynamic hosts of foreign direct investment; and inbound FDI growth surpassed that of the developing world during the decade 2001 - 2010. Yet foreign investment continues to flow quite unevenly into...

Recent regional initiatives have been addressed from a Vinerian perspective of regional integration as a combination of trade creation and trade diversion. This is true both of policy-oriented economists, who tend to be critical of the initiatives, and of theorists, who have added dynamic and...

This paper reviews the role of services in development and growth, the potential role of trade in services as a driver of the productivity performance of sectors that use services as inputs, and the links between services policies and domestic trade costs. Barriers to trade in services have...

This research paper evaluates the relative significance of World Trade Organisation (WTO) accession in general and that of WTO led liberalisation in particular in increasing an East Asian and Pacific (EAP) developing country's desirability for foreign direct investors. Other FDI influencing...

Competition policy, today, is an essential element of the legal and institutional framework for the global economy. Whereas decades ago, anti-competitive practices tended to be viewed mainly as a domestic phenomenon, most facets of competition law enforcement now have an important international...

Vertical gravity deploys as the dependent variable a newly developed indicator of production sharing and processing trade among country pairs. The intensity of this relationship among 73 countries between 1998 and 2005 is assessed in a standard fixed-effects panel setting, with particular focus...

We use a newly developed indicator of production sharing and processing trade to investigate the determinants of such trade in the context of a gravity model. The Network Trade Index measures countries' interdependence through the extent of trade in parts and components for further processing...

In recent years, Europe has witnessed an accelerated process of economic integration. Trade barriers were removed, the euro was introduced and ten new member states have joined the European Union. This paper analyzes how this process of increased economic integration has affected labor and...

Consider an environment in which ex-ante symmetric countries can form customs unions freely. What are the welfare effects on member and nonmember countries of the formation of welfare-maximizing customs unions? What are the properties of stable customs-union structures? Is a symmetric...