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Persistent link: https://www.econbiz.de/10009785544
is to show how a dictatorship can manipulate trade policy to maintain its grip on power in the face of permanent world …
Persistent link: https://www.econbiz.de/10011721779
This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world … resolve. Because the world price shock may also reduce average incomes, the model provides a way to understand why the level …
Persistent link: https://www.econbiz.de/10010485531
Second World War and of China during more recent decades as being the result of selective protection and industrial targeting …
Persistent link: https://www.econbiz.de/10012846238
The world economy has become more open and integrated in recent years. Countries are more engaged in international … mind when they talk about the 'internalisation' or 'globalisation' of the world economy. While the general trend toward … disagreement on whether all this is on balance good or bad - for the world economy and for individual countries and their citizens …
Persistent link: https://www.econbiz.de/10014058255
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10014025382
This paper unpacks the role of the domestic content of imports as a novel source of policy interdependence along the global supply chain. We show how a rise in local contents embodied in imports can skew national trade policy preferences, and pull upstream and downstream countries in asymmetric...
Persistent link: https://www.econbiz.de/10013471205
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...
Persistent link: https://www.econbiz.de/10013465908
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...
Persistent link: https://www.econbiz.de/10014262982
The relationship between trade and wage inequality will remain an important and contentious issue. Economists should, therefore, be able to empirically address this issue on a firm theoretical basis. Empirical research on trade and wages in one way or another often relies on the use of so-called...
Persistent link: https://www.econbiz.de/10014199222