Globalization has led to an enormous increase in international trade. Over the past 40 years, world exports as a share of output have doubled to almost 25 percent of world output. However, despite this enormous increase, economic evidence suggests that significant barriers to international trade...

Despite the recent decline in the value of the U.S. dollar, the U.S. trade deficit remains at historic highs. When this deficit eventually shrinks, it will likely be accompanied by an export boom. In "What Will the Next Export Boom Look Like? Some Hints from the Late 1980s," Kei-Mu Yi examines...

China's emergence as a manufacturing juggernaut selling so many goods to so many countries has attracted enormous attention from academics, policymakers, and the media. In this article, Behzad Kianian and Kei-Mu Yi put China's manufacturing performance into a broader context. They emphasize two...