The emergence of the People's Republic of China (PRC) as a great economic power has stimulated an epochal shift in patterns of world trade, accompanied by a remarkable level of internal migration within the country. Hundreds of millions of Chinese workers have moved from inland areas to coastal...

The extent to which a country can bene t from trade openness crucially depends on its ease of reallocating resources. However, we know little about the role of domestic frictions in shaping the e ects of trade policies. I address this question by analyzing the impact of tari reductions on the...

Trade liberalization is often met with sharp opposition. Recent examples include the so-called "Bolkestein" directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of goods...

We consider trade liberalization in a multilateral trade model, where countries have identical homothetic tastes but may have different constant returns to scale technologies that produce at least two goods from at least two factors. In this model, we derive the world prices after trade...

We study the welfare implications of a bilateral free trade agreement. The model is based on the recent trade literature that considers search and matching frictions in the labor market. We extend the model by incorporating country-level heterogeneity in terms of production technology,...

Amid a general rise in protectionism and a trade war between the world's two largest economies, this paper analyzes changes in gains from trade for the world over a decade marked by rapid global economic integration preceding the global financial crisis of 2007-08. It employs state-of-the-art...

The extent to which a country can benefit from trade openness crucially depends on its ease of reallocating resources. However, we know little about the role of domestic frictions in shaping the effects of trade policies. I address this question by analyzing the impact of tariff reductions on...

This draft chapter examines the embedded liberalism compromise in the context of the GATT and Uruguay Round agreements. It also briefly addresses possible examples of embedded liberalism in the current international economic law environment. The term “embedded liberalism” was coined by John...

Duty drawback schemes, which typically involve a combination of duty rebates and exemptions, are a feature of many countries' trade regimes. They are used in highly protected developing economies as means of providing exporters with imported inputs at world prices, thus increasing their...

Trade liberalization is often met with sharp opposition. Recent examples include the so-called Bolkestein directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of goods that...