Seok, Byoung Hoon - Volkswirtschaftliche Fakultät, … - 2011
-trade related ones by the World Trade Organization (WTO) and compare it to a model with "No-WTO restrictions". The optimal policies … in the presence of WTO restrictions rationalize the observed current account surpluses of rapidly growing developing … economies. However, if there were no WTO restrictions, the developing countries would manipulate their terms of trade rather …