This article analyzes the resource implications of voluntary export restraints (VERs) for exporting countries. A simple analytical method is used to demonstrate that, by reducing the marginal revenue of its factors of production, a VER causes an industry in the exporting country to contract, and...

Beyond `1992' the EFTA countries face the choice between a permanent European Economic Area (EEA) accord, and seeking full membership of the European Community. The paper analyses this choice, focusing on the Nordic EFTA countries.

Both Russia and the EU are undertaking significant changes in foreign trade relations. Russia seeks WTO accession and the EU has concluded negotiations enlarging the union with ten new members. Against this background, what economic relationship can EU and Russia develop? The Paper analyses the...

The paper investigates one aspect of the external trade impact of the 1992 `Internal Market' programme, that is, VERs on third countries. The paper rejects the frequently-made claim that the proposed abolition in 1992 of Article 115 of the Treaty of Rome (which prevents free intra-EC circulation...

The Paper analyses (i) if globalization is undemocratic, (ii) if NGOs can fill a gap in representation and accountability, and (iii) the role of inter-governmental (undemocratic) international institutions like the World Bank with regard to democracy and globalization. A major part deals with...

This paper examines how the geography of UK international trade has changed since the United Kingdom’s accession to the European Economic Community, using a newly constructed dataset that gives a detailed breakdown of the United Kingdom’s imports and exports by both port of entry and exit...

This paper quantifies the economic effects of nontariff barriers on U.K. footwear imports. The extent to which the various voluntary export restraints and a quota on imports from Eastern European countries, Taiwan, and Korea led exporters to raise their prices is estimated. The paper then allows...

Equations are estimated to explain and predict the price indices for three b road groups of primary commodities. The questions of principal intere st are the effect of economic activity on prices and the dynamics of the adjustment of prices to external shocks. The results suggest that adjustment...