This paper argues that China’s attitude to multilateral trade is unclear. Moreover, China assumes little responsibility to maintain international order in global economic governance. Furthermore, this paper argues that China should hide less behind the status of a developing country and stand...

Krugman (1991a,b) illustrated that natural (regional) free trade agreements (FTAs) are likely welfare enhancing if intercontinental transport costs are prohibitively high, but are likely welfare reducing if such costs are zero. Frankel, Stein and Wei (1995) extended the analysis to consider...

Purpose: The aim of the paper is to evaluate the impact of CEFTA on exports and economic growth and development of its members. Regionalism is attractive to states and especially to developing countries, since they enhance their reliability on reforms to foreign investors and they raise their...

Part I: Overview -- 1. Introduction to International Trade and Development in Africa -- Part II: General Background and Governing Issues -- 2. Africa’s New Landscape for Doing Business: The African Continental Free Trade Area -- 3. Impact of Political and Legal Environments on International...

Digital markets have raised a number of new competition challenges. Ex-post competition policy appears not to be able to address them in their entirety and with the necessary speed. There is considerable consensus, among academics and policy-makers, that ex-ante regulatory policies are needed to...

This paper develops a fully-endogenous, variety-expansion growth model with firm-specific quality heterogeneity, limit pricing, and an endogenous distribution of markups. Trade induces only firms with high-quality products to export, whereas firms with low-quality products serve only the...