Many developing countris now actively solicit foreign investment, offering income tax holidays, import duty exemptions, and subsidies to foreign firms. One reason for subsidizing these firms is the positive externalities as foreign technology is transferred from foreign to domestic firms. This...

We identify a new set of stylized facts on the 2008-2009 trade collapse using detailed dis-aggregated data for the European Union, Brazil, Indonesia, and the United States. In particular, we decompose the fall in international trade into product entry and exit, price changes, and quantity...

The Pacific Basin is the most robust economic region of the world. Over half the world's population resides in countries bordering on it, and this region's average economic growth rate has been double that of the rest of the world since 1970. The volume of trade on the Pacific is three times...

The next three-year World Trade Organization round has been set in motion by recent negotiations in Doha, Qatar. Among the most contentious issues in that meeting, and probably over the course of the next round, is direct and indirect producer support for agricultural exporters in the North and...