There are a number of ethical issues in the area of international trade that affect managers. This article will address two ethical issues that have been almost totally neglected in the literature -- antidumping and sanctions. Antidumping laws are special interest legislation. Rather than...

Foreign trade is an area about which much has been written. The majority of economists, going back to Adam Smith, have generally concluded that trade is good, and that it should be free and unhampered, at least most of the time. The reasoning behind their conclusion is almost always...

What is a “worker-centered” trade policy? The Biden administration claims that it means protecting all workers—foreign and American—from exploitative working conditions in trade sectors. The administration’s vigorous enforcement of international labor rights suggests a significant...

We investigate the effects of US-imposed trade sanctions on the global trade patterns of sanctioned countries by employing a gravity model that incorporates data spanning from 1980 to 2020 across 79 nations. The results reveal that both partial and complete US sanctions lead to significant...

Since 2020, the Korea Institute for Industrial Economics and Trade (KIET) has conducted surveys on the business environment of Korean enterprises in China. For the 2022 iteration of the survey, responses from 406 Korean firms in China were collected, slightly fewer than in 2021, owing to the...

As of 2021, Korean trade volume with Vietnam ranks fourth after China, the United States, and Japan, while direct investment in Vietnam ranks third, after the United States and China, and excepting the Cayman Islands and Hong Kong. Surveys on the business environment of Korean companies in...

In the absence of a comprehensive international agreement, each country unilaterally sets her abatement of greenhouse gas emissions at a level that possibly maximizes her expected net benefit. In addition to a cleaner and healthier domestic environment and a slower global warming, a country’s...

This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, and output growth, with the Iranian rial over-reacting to sanctions,...

We derive new tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms. These tests have the advantage that they i) do not depend on the ordering of variables in the forecasting model, ii) are applicable to densities of arbitrary...

This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, and output growth, with the Iranian rial over-reacting to sanctions,...