This book challenges the prevalent assumption that sovereign debt must be repaid — even after a major regime change — in order to maintain country creditworthiness. It argues that this conventional wisdom is overly simplistic and in some cases entirely wrong, and contends that its underlying...

This paper is a comprehensive historical, economic and legal review of the development of carbon markets, from the Acid Rain Program (US) to the European carbon market, the Regional Greenhouse Gas Initiative (RGGI) in the US, and the California/Quebec market. The impact of international climate...

The subject of this article is the application of Intellectual Property Rights (IPRs) to Africa's cultural economy, and its implications for development. Drawing on extensive research, including field work in Africa and interviews with key people in the field, the study explores the concept,...

The music world has had its share of Internet-led shake-ups. Digital piracy and the advertisement rules of platforms like YouTube are major concerns. But there are also opportunities: online marketing, arts education, cultural awareness, and nation branding are particularly notable. How can...

The current EU Asylum policy is widely seen as ineffective and unfair. We propose an EU-wide market for tradable quotas on both refugees and asylum-seekers coupled with a matching mechanism linking countries' and migrants' preferences. We show that the proposed system can go a long way towards...

The chapter begins with a brief discussion of the distinctive features of policing and prosecuting the money laundering offence. It then outlines the Financial Action Task Force (FATF)'s international standards on money laundering and its method of mutual evaluation, particularly after the...

As international trade receives the brunt of local discontent with globalization trends and recent changes by the Trump administration have put into question the viability of such trade arrangements moving forward, there has been a clear trend in using international trade fora for managing...

China's infrastructure-based Belt and Road Initiative (BRI) is challenging the US-led Western International Economic Governance Order (hereafter the Western order) that has been in place since the end of World War II, reflecting a global shift in power and influence from the United States to...

When President Donald Trump notified the other signatory countries to the Trans-Pacific Partnership (TPP) that the United States did not intend to become party to the agreement, among the thirty chapters of text left on the cutting floor was a chapter on labor. The TPP labor chapter, while...

Economists generally agree that free trade leads to economic growth. This proposition is supported both by theoretical models and empirical data. Further, while the empirical evidence is more limited on this question, the general consensus among economists holds that trade restrictions are...