Over the years, multinationals have attracted both friends and enemies. Foes have argued that they exert adverse influences on the well-being of poor countries in general, and their poorer citizens in particular. Friends have argued that in their wake, multinational corporations bestow on host...

In the idealised economic world in which economists usually begin their theoretical analyses, the first-best international policy for dealing with dumping is to eliminate the economic distortions that make dumping possible, e.g., tariffs, subsidies and monopoly power, and deal with relevant...

This paper first discusses four general developments in the world trading system that have made it increasingly difficult in recent years for nations to reach multilateral agreements aimed at further liberalising international trade, namely: (1) the increased technical complexity and disruptive...