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Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
One of the most significant recent developments in world trade has been the entry of China into the World Trade … Organization (WTO). This paper examines the implications of China''s WTO accession for India''s trade, using both econometrics and … computable general equilibrium (CGE) models. The paper analyzes how India stands to lose or gain from China''s WTO entry in terms …
Persistent link: https://www.econbiz.de/10014400923
China''s increasing integration with the global economy has contributed to sustained growth in international trade. Its … China''s imports from all regions-especially Asia, where China plays an increasingly central role in regional specialization …. Tariff reforms have been implemented in China since the 1980s; and, with its recent WTO accession, China has committed itself …
Persistent link: https://www.econbiz.de/10014404079
The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose''s (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not...
Persistent link: https://www.econbiz.de/10014402393
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital … China’s integration into the world economy will inevitably impose adjustment costs on its trading partners in the short …
Persistent link: https://www.econbiz.de/10014403900
Small and poor countries pose a challenge for the World Trade Organization (WTO). These countries have acquired a …
Persistent link: https://www.econbiz.de/10014401438
This paper reviews the economics of trade policy in financial services, highlighting differences between trade across borders and through commercial presence. Trade liberalization could complement other financial reforms by enhancing the efficiency, quality, and variety of financial services and...
Persistent link: https://www.econbiz.de/10014399959
activity around the world. We present a parsimonious two-country-SIR model with some degree of substitutability between home …
Persistent link: https://www.econbiz.de/10012392567
A model reflecting the monetary approach to the balance of payments was developed in the International Monetary Fund (IMF) in the 1950s. Its purpose was to integrate monetary, income, and balance of payments analysis, and it became the basis of the conditionality applied to IMF credits....
Persistent link: https://www.econbiz.de/10014403357
estimated at about 40 percent of world trade. The same has not been true for developing country members, although those that …
Persistent link: https://www.econbiz.de/10014403886