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This paper argues that GSP labour rights conditionality is in conformity with WTO law. This hinges on the critical question of whether the realisation of labour standards can meet a ‘development need,' a term considered by the WTO Appellate Body report in the EC – Tariffs Preferences case,...
Persistent link: https://www.econbiz.de/10013104596
In a situation of slowdown of global trade growth, growth in the Russian foreign trade turnover is declining, as well. It is to be noted that though during seven months of this year trade with far abroad countries showed positive dynamics there was a recession in relations with CIS states. The...
Persistent link: https://www.econbiz.de/10013089666
This research paper provides a causality assessment on the linkage between declines in world trade finance and the world trade collapse in the period following the Financial Crisis of 2008 and 2009 as well as the ensuing global trade slowdown. The paper performs Granger Causality tests on two...
Persistent link: https://www.econbiz.de/10012925677
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10012928627
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10014023765
Countries pass through different stages of structural transformation. In the early stage of development, economic activity is dominated by agriculture and mining. As a country develops, firms adopt new technology and move toward industrialization and faster economic growth. Eventually, the...
Persistent link: https://www.econbiz.de/10012199154
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
This paper is an effort to capture the canvas of GATS and its interrelationship with over all trade value chain and MNC business models. Looking at the patterns of services trade, it is interesting to note that on one end, the improvements in telecom infrastructure facilitate new ways to export...
Persistent link: https://www.econbiz.de/10014028174
The purpose of this study is twofold. The first is to develop a new composite index of globalization based on data on 158 economies over the period 2006−2014. The second intention is to use the new index to evaluate empirically the possible effects of globalization on economic growth and...
Persistent link: https://www.econbiz.de/10012030661
, showing how the development of EC/EU law has blurred the clear distinction between them initially established in the Treaty of … be addressed; and it seems unacceptable that, in application of existing EU law, EU Member States violate systematically … and permanently the BITs to which they are Parties. c) A revision of the approach followed both by the EU legislator and …
Persistent link: https://www.econbiz.de/10014168424