We provide a synthesis of the theoretical models that study the use of escape clauses, also known as safeguards, in multilateral and preferential trade agreements. We consider models that explain this type of flexibility based on economic efficiency, political economy shocks, and...

The negotiation of multilateral agreements has stalled at the World Trade Organization (WTO). The action is among groups of like-minded WTO Members, either regionally or in open plurilateral agreements (OPAs) in Geneva at the WTO. There is currently no consensus among WTO Members to include...

The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...

The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...

I find that the index of geopolitical risk (GPR) is significantly associated with both the extensive and intensive margins of stock market participation decisions. The GPR index subsumes the significance of economic policy uncertainty for stock market participation decisions and has long-lasting...

The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...

This paper introduces the third update/release of the Global Sanctions Data Base (GSDB-R3). The GSDB-R3 extends the period of coverage from 1950-2019 to 1950-2022, which includes two special periods - COVID-19 and the war between Russia and Ukraine. The new update of the GSDB contains a total of...

A paradoxical stability reigned the Cold War-era. While the nuclear threat could destroy the planet several times over, there was geopolitical stability in the bipolar system: the mutually assured destruction averted all out-war - but did not prevent skirmishes. The end of the bipolar Cold...

Celebrating the centennial of the Lausanne Peace Treaty, signed on July 24, 1923, this article highlights its significance in laying the groundwork for the Republic of Turkey. The Treaty, a turning point in Turkish history, showcased the power of the Nationalist Movement led by Mustafa Kemal to...

A Swedish professor has been accused of committing xenophobic acts towards a Turkish university student. This occurrence, at first glance, seems ostensibly an isolated example of a lack of tolerance and acceptance in academia. It is helpful to briefly recall the last elections in Sweden and the...