The liberal international legal order faces a legitimacy crisis today that becomes visible with the recent anti-internationalist turn, the rise of populism and the recent Russian invasion of Ukraine. Either its authority or legitimacy has been tested many times over the last three decades. The...

Canada’s Indo-Pacific Strategy (IPS) provides a framework for Canada’s relationship with the leading growth region in the global economy. The IPS approaches the Indo-Pacific as a strategic arena for comprehensive foreign policy, with economic/business linkages as an essential component. This...

Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...

With the trade normalization process between India and Pakistan gathering momentum since November 2011, new opportunities for enhancing bilateral trade have opened between the two countries. This study estimates the trade potential between India and Pakistan, and examines how this potential can...

There is a huge literature on the effects of uncertainty on trade levels. One very strong result of that literature is that uncertainty should not matter, as long as well developed forward markets exist. The empirical implications of this result, however, are hard to find in the data. We model...

This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....

More than five decades after World War ii and two decades since the end of the cold War and its corresponding threat of nuclear annihilation, existential security concerns seem far from the minds of average Europeans. This sense of safety, combined with tight government budgets in a time of...

The G7 or G-7 is a group consisting of the finance ministers of seven developed nations: the U.S., Japan, France, Germany, Italy, U.K. and Canada. They have been listed by the size of their national net wealth. They are the seven wealthiest developed nations on Earth by national net wealth as...

The negative effects of the global economic crisis affect African economies less than other regions. However, the ongoing debt crisis in the EU holed serious risks for the economic development of the continent. The paper focuses on the financial risks for the economies in Africa that are related...