While several culprits have been proposed to explain the current trade collapse (e.g. the credit crunch, global production chains, generalised loss of confidence), the great synchronisation underlying the collapse suggests that it is very probably their interaction, rather than each individual...

This paper seeks to determine whether it is sufficient to revise administered trade procedures to reduce endogenous protectionist tendencies of the trade policy mechanism.

The study examines the impact of interest and exchange rates on the Nigerian economy from 1975-2008. Data for the variables were collected from the CBN statistical bulletin. The study employs the ordinary least square (OLS) technique in the analysis but due to the fact that data are not...

Using a newly created microeconomic archive of U.S. imports at the tariff-line level for 1930-33, we construct industry-level tariff wedges incorporating the input-output structure of U.S. economy and the heterogenous role of imports across sectors of the economy. We use these wedges to show...

This paper analyses the link between commercial policies and exports through a comparative analysis of the Asian giants—the People’s Republic of China (PRC) and India. While the PRC has surged ahead of India to dominate world manufactured exports, India has acquired competitive capabilities...

In wenigen Monaten wird in Katar die Ministerkonferenz der Welthandelsorganisation (WTO) über die Abhaltung einer neuen Handelsrunde entscheiden. Auf Grund der gegenwärtigen Vorarbeiten werden zwei Themenkreise auf der Traktandenliste der Verhandlungen erwartet: erstens die weitere Umsetzung...

The question of the state and the evolution of protectionism often gets a simplified answer: The main view is that the GATT Rounds have been achieving a continuous reduction. This view is partly revised based on four propositions: (1) Protectionism is an integral part of the international...

This paper takes a welfare-view on eastern enlargement of the EU, focusing on incumbent countries. Enlargement is decomposed into three elements: Single-market integration on commodity markets, budgetary costs from EU-expenditure policies, and singlemarket- induced migration from new to present...

The events of December 1989 represented the trigger which determined the future evolution of Romania from an economic and political point of view. Among the first reform measures, adopted after the fall of communism, were also those regarding Romania’s commercial policy. Being aware of the...