This paper analyzes the extent to which education will be subsidized when the subsidy rate is determined by majority voting. The analysis takes place in a framework where education is a discrete decision and all individuals would like to obtain an education because of its effect on future...

Why do we observe proliferation of bilateral free trade agreements (FTAs) between certain types of countries instead of having progress in attaining global free trade through a multilateral FTA? We answer this question by exploring the enforceability of different types of FTAs through comparing...

In order for free trade as a policy to deliver fully on its social promise, it must be both "free" and "trade." In fact, it must be free, in the sense of voluntary, to be trade at all. In other words, for normative and practical reasons, free trade requires that global economic relations be...

The study focusses on the determinants to the use of trade agreements by Indian textile and clothing companies. A primary sample survey of 310 export companies was conducted in major clusters. Subsequently a conceptual framework model was developed to understand the various determinants...

The African Continental Free Trade Agreement (AfCFTA) is a trade agreement among 55 African Union member states, with the goal of creating a single market followed by free movement of goods and services and promotion of movement of capital and natural persons. At the inception, despite the...

In 2006, the Commission published its Global Europe Communication and marked a change from a multilateral to a bilateral trade strategy. Part of the agenda of this new strategy was to strengthen the bilateral trade relations with key Asian states. Initially, the objective was to conclude a...

The Middle East and North Africa (MENA) region's trade performance over the past two decades has been disappointing. Efforts to boost trade through a plethora of regional trade agreements (RTAs) are underway. This study examines the potential contribution of regional trade agreements, as well as...

South Korea's growth miracle has been well documented. A large set of institutional and policy reforms in the early 1960s is thought to have contributed to the country's extraordinary performance. In this paper, the authors assess the importance of one key set of policies, the trade policy...