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Non-tariff measures (NTMs) can affect trade performance of trading partners. In addition to trade performance, the NTMs … taken regarding NTMs because they have very sensitive and invisible linkages with SDGs. Furthermore, when there are … legitimate needs to impose such NTMs, sufficient time should be given to the trading partners to put in place measures and …
Persistent link: https://www.econbiz.de/10012008551
We develop an index to measure the degree of regional integration in Asia and the Pacific (48 economies in six subregions). The index comprises 26 indicators in six dimensions of regional integration, i.e., trade and investment, money and finance, regional value chains, infrastructure and...
Persistent link: https://www.econbiz.de/10011644828
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
Chinese investment abroad has grown significantly in connection with the Belt and Road Initiative. This article tries to answer two questions: first, what considerations gave birth to the BRI? And second, what are the project's economic effects in terms of capital flows and international trade?...
Persistent link: https://www.econbiz.de/10013401917
This paper uses export and import shares of intermediate goods to assess the extent of integration of G20 and non-G20 nations, including least developed countries (LDCs), in global value chains (GVCs). The G20's intermediate trade, especially the imports, recovered fast during and immediately...
Persistent link: https://www.econbiz.de/10014564134
Should developing countries focus on diversifying their export basket or should they instead specialize their exports according to their existing comparative advantage? In this paper we attempt to answer this question by reviewing the literature on export diversification and specialization, by...
Persistent link: https://www.econbiz.de/10003793560
In recent times, regional trade agreements (RTAs) have become an important factor driving global trade. Though the literature on RTAs continues to grow, few studies highlight the development dimensions of RTAs envisaged in the Doha Development Agenda of the World Trade Organization. In this...
Persistent link: https://www.econbiz.de/10003483050
There are significant income and nonincome development gaps around the world. Closing these gaps will require not only increasing and sustaining economic growth in low-income regions, but also policies that close nonincome development gaps directly. Governments need to support private investment...
Persistent link: https://www.econbiz.de/10008658813
International trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market. This...
Persistent link: https://www.econbiz.de/10008989717
This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....
Persistent link: https://www.econbiz.de/10009269460