Does globalization just create welfare gains, or is it accompanied by lower accountability, reduced welfare provision, labor standards or human rights? We argue that the broad and legally enforceable protection offered to foreign investors by bilateral investment treaties (BITs) worsens the...

This study tests whether cooperation between securities regulators influences global market integration. I measure cooperation using arrangements between securities regulators that enable enhanced cross-border enforcement, better regulatory decisions, and reduced compliance obligations for...

The growing interest in global value chains (GVCs) has been paired with a greater appreciation of the need for better measurement methods, as reflected by recent initiatives from academia and leading international organizations. This research note focuses on one method to measure GVCs that has...

The strong and volatile rebound of capital inflows, mostly portfolio investments, into emerging economies in the recovery process of the 2008 global financial crisis has brought the issue of capital controls to the forefront once again. The presence of global imbalances and unconventional...

Iran is a historically rich country that has been through many conflicts with the western world. Although we would not consider it colonization, Iran was exploited by the British East India Company, a trade company run by the British Empire which went around the world and exploited many...

Among the countries currently considering issuing a central bank digital currency (CBDC), including nearly all of G20, there is a strong preference for a retail CBDC made available to the general public through private intermediaries. This Policy Brief sheds light on the technical complexities...

This paper will discuss the features and the trends of Portugal?s future maritime activities in the context of a political process related to the enlargement of the continental shelf. It is our belief that the extension of Portugal?s continental shelf will have a multidimensional impact over a...

In a rapidly changing trade environment, marked by economic slowdown and impasse in the Doha Round, the success of the WTO in promoting and legitimizing the rules-based multilateral trading system rests, to a large extent, on maintaining effective relations with civil society, including...

The scope and depth of bilateral and regional preferential trade agreements (RTAs) negotiated over the past 15 years has expanded beyond traditional market access and preferential tariffs to include provisions on a wide range of issues, including trade facilitation. This study is a first attempt...

This article argues that EU’s policy of Disarmament, Non-Proliferation, and Arms Export Control can be conceptualised into the framework of the normative power. Despite the EU strategies on this policy, such as EU Strategy against the proliferation of Weapons of Mass Destruction (2003), or...