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World trade growth was rapid in the two decades prior to the global financial crisis but has halved subsequently. There are both structural and cyclical reasons for the slowdown. A deceleration in the rate of trade liberalisation post 2000 was initially obscured by the ongoing expansion of...
Persistent link: https://www.econbiz.de/10011578401
With a growing integration via trade and investment, state-owned enterprises (SOEs) that have traditionally been oriented towards domestic markets increasingly compete with private firms in the global market place. Three principal questions emerge from the international trade perspective: (1)...
Persistent link: https://www.econbiz.de/10011277129
Divestment by multinational enterprises is an important yet understudied phenomenon. The few available estimates indicate that about a fifth of all foreign affiliates are divested every five years. This paper presents the findings from a novel cross-country firm-level dataset with financial and...
Persistent link: https://www.econbiz.de/10012147280
With a growing integration via trade and investment, state-owned enterprises (SOEs) that have traditionally been oriented towards domestic markets increasingly compete with private firms in the global market place. Three principal questions emerge from the international trade perspective: (1)...
Persistent link: https://www.econbiz.de/10009775481
This paper develops a method to measure difficulties in market access over a large set of industries and countries (both developing and developed), during the period 1980–2006. We use a micro-founded heterogeneous-consumers model to estimate the impact of national borders on global and...
Persistent link: https://www.econbiz.de/10010594980
The theoretical debate over whether countries can and should set tariffs in response to export elasticities goes back over a century to the writings of Edgeworth (1894) and Bickerdike (1907). Despite the optimal tariff argument's centrality in debates over trade policy, there exists no evidence...
Persistent link: https://www.econbiz.de/10005666427
four widely-advocated policies: removing explicit restrictions to trade and FDI; promoting domestic competition; improving … the adaptability of labour markets; and ensuring adequate levels of infrastructure capital. The analysis covers FDI and … most modes of cross-border services supply. It first describes trends in trade, FDI and the four sets of policies using a …
Persistent link: https://www.econbiz.de/10005045755
been recognised as an important engine for growth and development, yet WTO negotiations in this area have yielded very … little progress so far. Against the backdrop of WTO stalemate, an increasing number of RTAs adopted specific provisions and …-commerce spaghetti bowl that will undermine the prospects for future WTO consensus in this area. This study considers two broad …
Persistent link: https://www.econbiz.de/10008457938
OECD work on RTAs by examining regional provisions that deepen (WTO-plus) and expand (WTO-beyond) multilateral commitments … across a broad range of policy areas. It finds that WTO-plus measures are becoming more widespread and similar over time … set of attributes that may be able to render WTO-plus provisions more amenable to multilateralisation, either through a …
Persistent link: https://www.econbiz.de/10011277117
The potential multilateralisation of government procurement commitments in regional trade agreements (RTAs) presents many issues and challenges. To what extent do RTAs go beyond the 2012 revised Agreement on Government Procurement (GPA), and how do they differ among trading partners? This report...
Persistent link: https://www.econbiz.de/10011277131