Using panel data regressions, this paper analyzes the effect of imperfections in the formal export credit and insurance market on trade growth in the regions of Africa and Asia. An exclusive comparison of trade performance of the two regions with respect to export credit and insurance is novel...

"The Impact of Innovation on Globalization is the eighth volume of the series China in the World. Like other volumes in the series, this volume includes views of leading Chinese scholars on China's relations with other countries and regions in the world. In view of the theme of "globalization"...

While large businesses have resumed international trade at levels seen before the financial crisis, small- and medium-sized enterprises (SMEs) have not fared as well. For these firms — the backbone of economies everywhere — growth is impeded by the limited availability of bank loans to...