This paper studies how foreign demand affects product quality specialization in international trade. In a model with non-homothetic CES preferences, firms choose quality levels based on global demand conditions, and countries with better access to high-income markets host more high-end...

India has become a key player in services, and critical in pharma and food security in the Global South. India is setting course to be a manufacturing hub with a mix of targeted subsidies and trade integration. First successes are visible: India now exports more machinery and the quality of its...

Am 5. November 2024 entscheidet sich, welchen Präsidenten bzw. welche Präsidentin die US-Amerikaner*innen wählen: Donald Trump oder Kamala Harris. Das Wahlergebnis könnte den Kurs der USA in mehreren Bereichen ändern, die weitreichende Folgen für die Weltwirtschaft haben, darunter...

The US is Germany's largest trading partner, accounting for 11 percent of German exports and 7 percent of imports in 2023. Services comprise nearly 50 percent of German imports from the US and 30 percent of exports to the US, underscoring their significance in bilateral trade Germany maintains a...