This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international...

The rise of "new economic statecraft"-intervention in trade and investment for foreign policy reasons-is increasingly threatening the stability of the global economic system. Building on previous work, we consider the types of intervention we have seen, classifying state measures as behind the...

Economic theory suggests that countries' tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed...

Schonungslose Kritik des aus Uganda stammenden Ökonomen und politischen Aktivisten am Kapitalismus, dessen internationale Spielregeln in der Welthandelsorganisation WTO von den mächtigen Staaten des Westens vorgegeben und global durchgesetzt werden. (2)