This paper examines the trade, FDI, and welfare impacts of (liberalizing) 9/11 security measures at the Canada–US border. First, the study provides econometric estimates of the impact of post 9/11 security measures on bilateral (US–Canada) trade flows. Second, we compute sectoral tariff...

Lors des émeutes de Seattle, en 1999, les manifestants avaient planté deux panneaux indiquant deux directions opposées :l’OMC vers la droite, la démocratie vers la gauche. Cette incompatibilité supposée entre la libéralisation du commerce et la démocratie aurait sans doute étonné...

The article verifies that the French public opinion is more hostile to globalization than most of the other countries. The political cleavage between the left and the right wings is inadequate because the French conservatives inherit from a heavy mercantilist tradition. In the European Union,...

We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in turn reduces trade flows and real income for consumers....

We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create a real option value of waiting to enter foreign markets...

In this paper we explore the potential gains that a trade agreement (TA) can provide by regulating trade-policy uncertainty, in addition to the more standard gains from reducing the mean levels of trade barriers. We show that in a standard trade model with income-risk neutrality there tends to...

Brazil, China and U.S. play crucial roles in global food supply and demand system as consumers, producers, and traders. Therefore, any agricultural and environmental policy tool of these 3 countries deserve special attention since their policy environment contributes to farmers' decisions to...

A growing number of scholarly studies in and outside South Asia suggest the linkage between trade, economic development and peace between India and Pakistan. Despite many tangible political and economic gains of expanded India-Pakistan trade, the level of trade between India and Pakistan has...

The United States and the European Union are major players in the global economy. Economic relations between them are both extensive and deep. They account for about 45 percent of world Gross Domestic Product, 30 percent of world foreign direct investment flows, and 70 percent of world FDI...

Executive Summary UNCTAD IX is taking place at an important historical juncture. The conclusion of the Uruguay Round negotiations and the establishment of the World Trade Organization have contributed to the emergence of a new world order in matters extending well beyond traditional trade...