This paper examines the EU development cooperation policy and the Lomé convention system. Development cooperation policy aims to achieve a socially and economically sustainable development in the poorest countries. In 1975 the European Community member states and a group of African, Caribbean...

Am 68. »ifo Konjunkturtest International« (KTI) beteiligten sich gut 650 Experten aus 80 Ländern. Das Weltwirtschaftsklima hat sich zwar seit der Umfrage im Januar nicht weiter verbessert, blieb aber mit 6,55 Punkten auf dem hohen Niveau vom Jahresanfang. Während die aktuelle Lage noch...

This paper offers a comprehensive view of international risk sharing and of related policy issues from the perspective of the European Union. The traditional analyses contemplate three risk-sharing channels: the capital markets channel (through cross border portfolio investments), international...

More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...

The present paper offers best and worst case scenarios of out-of-cycle-review (OCR) of India's IPR laws by the US. It appears that benefits outweigh the negative possibilities. The paper also details the background of OCR, its importance for the private industry in US, its modus operandi and...

In an attempt to rebalance trade with China, the United States administration decided in early 2018 to introduce a series of protectionist measures affecting certain imports in particular. This gave rise to an escalation of US-China trade tensions. The new tariffs have affected a significant...

Recent weaknesses in the world economy have prompted a downward revision of forecasts for 2019. The baseline projection scenario points to a widespread easing of growth, albeit more so in some areas than in others, against a backdrop of high uncertainty and significant downside risks. These...

Oil is the world‘s biggest and most pervasive business, the greatest of the great industries that arose in the last decades of the nineteenth century.These words of Daniel Yergin in his book, The Prize (1991), which chronicles the development of the world‘s oil industry, highlight the...

Offshoring has received wide attention lately. Its potential effects, mainly to be materialized in employment and productivity dislocations, are yet to be fully assessed. However, some consensus has been attained as to how to proxy its theoretical definition at an aggregate level. Here we review...

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon, we introduce an index of geopolitical fragmentation derived from various empirical indicators. This index is developed using a flexible dynamic factor model with time-varying...