Since the 1950s, world trade has grown much faster than global economic production. Meanwhile, China has surpassed … Partnership, have attained dominance in the world trading system in recent years. Some of the well-known weaknesses of regionalism … world trading system require a strengthening of the WTO's multilateral system. But the current bilateral and regional trade …

economies are fuelling calls to contain the so-called evergreening practices of drug producers around the world. But such …

SVAR models that include a single world price (such as the terms-of-trade) predict that world shocks explain a small … multiple commodity prices transmit world disturbances. Estimates on a panel of 138 countries over the period 1960-2015 indicate … that world shocks explain on average 33 percent of output fluctuations in individual economies. This figure doubles when …