This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

Main factors determining the economical inefficiency of the state enterprises (either in the Capitalist or Socialist societies) are underlined. The lack of a sort of “Damocles Sword”, well suspended only upon the efficient behavior of the management under competitive market conditions is the...

We revisit the hypotheses of unequal exchange and deterioratingterms of trade in the specific context of import-intensive, export-led strategies of developing countries which rely on integration intoGVCs for access to markets in developed countries using a stylizedtwo-country two-commodity...

At the close of the twentieth century, sweatshops remain an integral part of the world economic order. Most sweatshops are in developing countries where governments implicitly sanction them as an instrument of economic development. Multinational corporations and other advanced economy suppliers...

This paper discusses the normative foundation of a global competition regime. It asks: What kind of normative values do we need? What objectives ought we to pursue? Why value economic competition at such a tough time as this? Are the disputes on these issues in the US and EU jurisdictions likely...

The differences in the levels of financial development between advanced and developing countries are large and persistent. Theoretical and empirical literature has argued that these differences are the source of comparative advantage and could therefore shape trade patterns. This paper points...

The worldwide trend towards privatisation, liberalisation and globalisation has produced substantial economic benefits. Nevertheless, liberalisation has had its shortcomings and there are potential threats to further progress, including in particular an anti-liberalisation backlash. Continuing...

Abuse is one of the core issues in EU direct tax matters. Much has been written over the past years. The discussion on the interpretation and application of the different elements of the anti-abuse clauses appears to be settling. However, an equally fascinating discussion appears to be emerging:...

What does global trade mean for the environment of any particular place? It can produce place-based transformations that are both positive and negative. The Kuznets curve is often touted as a solution that resolves the conflict between trade promotion and environmental protection by purporting...