Showing 1 - 10 of 164
More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...
Persistent link: https://www.econbiz.de/10012846238
In recent years, China has drawn a lot of attention, not only due to its rapid economic development and the WTO accession, but also due to its active attitude towards regional economic development. China, as the world's leading producer, also looks for multiple markets to decrease the chances of...
Persistent link: https://www.econbiz.de/10013031683
This paper examines the role played by India in the negotiations at the WTO platform post-adoption of the 'Agreement on Agriculture' and its agenda for future. The chapterization of the paper is as under:(I) Introduction(II) Agreement on Agriculture: Basic Tenets(III) Agriculture: Post Uruguay...
Persistent link: https://www.econbiz.de/10012711118
Digital technology has penetrated various fields, including international trade. This study aims to analyze how barriers/openness to trade in digital services affected exports before the COVID-19 pandemic (2015-2016) and during the pandemic (2019-2020). Based on the Gravity model, exports seem...
Persistent link: https://www.econbiz.de/10014529566
Persistent link: https://www.econbiz.de/10012991726
Within a few short weeks, the COVID-19 pandemic has accomplished what multiple wars (hot and cold) failed to achieve over the past 75 years: massive simultaneous disruptions of international and local supply chains.Policymakers operating at the base of Maslow's hierarchy of needs understandably...
Persistent link: https://www.econbiz.de/10012835021
Greece's trade deficit declined by 10% of GDP between 2007 and 2012, removing one of the great economic imbalances of the pre-crisis years. However, this reduction was achieved exclusively through import compression while exports fell over that period, thereby worsening the economic crisis. This...
Persistent link: https://www.econbiz.de/10013012192
Established in 1995, the World Trade Organization (WTO) was the culmination of half a century of global trade liberalization achieved under the auspices of the General Agreement on Tariffs and Trade (GATT). Subsequent agreements to achieve further liberalization — and to establish rules for...
Persistent link: https://www.econbiz.de/10013231871
We combine a model of combined inter-spatial and inter-temporal trade between countries - recently used by Huang, Whalley and Zhang (2004) to analyze the merits of trade liberalization in services when goods trade is restricted - with a model of foreign exchange rationing due to Clarete and...
Persistent link: https://www.econbiz.de/10013318500
This paper considers liberalization of trade in both inter-temporal intermediation services and goods in a joint spatial-intertemporal trade model. Joint multi-commodity spatial intertemporal models are not (to our knowledge) used in the trade literature as general comparative statics results...
Persistent link: https://www.econbiz.de/10013318546