China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Developing and administering disciplines on the use of subsidies is one of the most difficult areas of international economic policy and rule making. It is also one of the most pervasive problems in international trade. Subsidization has taken on new prominence in the economic policy toolkit as...

The European Council in Lisbon set the European Union the strategic goal of becoming the most competitive and dynamic knowledge-based economy in the world by 2010. The measures to be implemented by 2010 pursuant to the conclusions of the Council are primarily to serve the goals among which one...