States on long-run trade and output gains accruing to OECD countries. The package includes reforms that reduce competition …-restraining regulations, cut tariff barriers and ease restrictions on foreign direct investment to “best practice” levels in the OECD area … both transatlantic areas of up to 3 to 3 ½ per cent. Moreover, due to trade linkages, the benefits of reforms in the United …

-run trade and output gains. The package includes reforms that reduce competition-restraining regulations, cut tariff barriers … and ease restrictions on foreign direct investment to “best practice” levels in the OECD area. The analysis, which is …

development, it is not sufficient. Both trade and foreign direct investment create innovation assymetries hindering lagging … including a dynamic human development trap, endogenous technological change, technology transfer and trade. Divergent and … convergent steady states, with and without a human development trap, exist under both autarchy and free trade. The model explains …

. In doing so, it considers the main channels of transmission, to focus on international trade, investment, finance and … potential. In future, these countries could also provide resources for investment and technologies for productivity. The …