We show that whether trade is one-way or two-way depends on wage strategies adopted by trade unions. The union’s wage strategy choices themselves depend upon the conditions under which trade takes place, as well as upon the characteristics of both the labour and the product markets in the...

Is sovereign borrowing so different from corporate debt that there is no need for bankruptcy- style procedures to protect debtors? With the waiver of immunity, sovereign debtors who already face severe disruption from short-term creditors grabbing their currency reserves are also exposed to...

This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventiona mobile factors Heckscher-Ohlin models typically reveal problems of...

This paper discusses what the next few decades could bring for the developing countries in terms of the size and composition of their trade and inward investment flows, as well as a possibly changing policy framework within the global economy in which they have to operate. Both the prospects and...

This paper discusses the potential role for environmental considerations in agricultural negotiations in the next WTO trade round, from developing country perspective. For now, as a non-trade issue in the new negotiations, environmental considerations are not the dominant concern, which is food...

Is, as many of its enthusiastic proponents suggest, global civil society the key to future progressive politics? This paper first develops a definition of global civil society and explores the circumstances that have prompted its growth. The paper then considers the consequences of global civil...

Conventional accounts of justice suppose the presence of a stable political society, stable identities, and a Westphalian cartography of clear lines of authority--usually a state--where justice can be realised. They also assume a stable soc al bond. But what if, in an age of globalisation, the...

Globalization in its many different forms is the last grand narrative of the 20th century. It evokes a universal vision of frictionless adjustment, endlessly innovative corporations, infinite progress and unlimited abundance for all through the power of the world market. What is particular about...