The US-China trade deal has received at best a lukewarm initial reception from the trade policy community. China is to buy US$ 200 billion of US goods and services per annum in 2020 and 2021 above 2017 baseline levels; the US lowers tariffs by 7.5% on imports from China of US$120 billion of...

This study assesses the potential gains from unilateral trade liberalization for the UK, against the background of a hard Brexit in which a hard border and tariff wall is erected between the UK and the European Union. Unilateral trade liberalization would allow the UK to expeditiously offset at...

The dawn of a new economic era based on a new essential capital asset and new general purpose technologies provides a unifying framework to make sense of the rupture of the rules-based trading system, the flaring conflicts within states, and the eruption of a trade and technology war between...

In the era of continuous and steadily accelerating technological change that started with the industrial revolution, economies and societies were repeatedly transformed in ways that can be linked to ownership of the essential and scarce factor of production of the day and command of the economic...

The Canada-United States-Mexico Agreement (CUSMA), as amended by the Protocol of Amendment signed December 10, 2019, represents a major overhaul of the now-dated 1994 North American Free Trade Agreement (NAFTA). However, it is unusual in that it has little traditional tariff liberalization,...

Portuguese Abstract: O caráter cada vez mais complexo da trama digital e o crescente número de conflitos nessa seara desafiam nossa capacidade de compreensão. Os autores propõem uma taxonomia dos modos de comércio digital, analisam as áreas em que existem conflitos e comparam as táticas...

The economics of the emerging data-driven economy can be situated in theoretical models of endogenous growth which introduce research and development, human capital formation, and Schumpeterian creative destruction as drivers of economic growth, together with positive externalities related to...

Canadian participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was called into question by Canada's hold-up on signing the draft agreement among the remaining eleven negotiating parties following US withdrawal. This raised the possibility of the CPTPP...

The digital transformation has facilitated old modes of trade and business models and enabled the creation of entirely new ones. Digital disruption is being felt across all modes of trades: digital versions of products or services compete with physically embodied versions; and digital...

We assess the outcomes for the negotiating parties in the Trans-Pacific Partnership if the remaining eleven parties go ahead with the agreement as negotiated without the United States, as compared to the outcomes under the original twelve-member agreement signed in October 2016. We find that the...