The study aimed to empirically analyse GCC's trade patterns based on the gravity model. Gravity model is derived from physics and is used to explain the bilateral flow of trade determined by GDP per capita, population, and distance. It is assumed that trade flow between the two countries is...

The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...

This paper argues that preferential trade agreements (PTAs) and the World Trade Organization (WTO) are not substitutes, and while PTAs are without doubt here to stay, dispensing with a multilateral venue for doing business in trade matters is not a serious option. It is therefore necessary to...

Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...

Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...

This paper aims to identify the bilateral trade possibilities and non-tariff barriers between India and Pakistan. The study shows that there is a large untapped trade potential between the two countries. Using the potential trade approach, the study finds that the export potential from India to...

Until the 13th century, the ancient Silk Route of Asia was the world's most important cross-border artery, at a time when Asia was a major trade and economic center of the world. The Silk Road refers to an extensive pan-Asia interconnected network of trade routes across the Asian continent...

The objective of this paper is to analyze the trade flow between Brazil and the United States between 2000 and 2014, considering its evolution and analyzing indicators such as export and import tariffs, relative importance of bilateral trade, trade intensity index, concentration index, index of...

Until the 13th century, the ancient Silk Route of Asia was the world's most important cross-border artery, at a time when Asia was a major trade and economic center of the world. The "Silk Road" refers to an extensive pan-Asia interconnected network of trade routes across the Asian continent...

Decision making in the WTO has become ever more difficult as the number of members increases and the range of issues tackled broadens. This paper looks at reasons why aspects of decision-making might be changed and discusses a number of potential pitfalls that change would have to avoid, such as...