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The concept of globalization refers to the growing interdependence of countries, resulting from the increasing integration of trade, finance, investments, labor markets and ideas in one globalmarketplace. The most important elements of this process are the international trade and the...
Persistent link: https://www.econbiz.de/10011992014
More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...
Persistent link: https://www.econbiz.de/10012846238
The dynamic process of integration of national economies has a long history, with two distinct waves: one, from the middle of the 19th century until its interruption with outbreak of the First World War in 1913 till the end of the Second World War in 1945. The second wave is ongoing dating from...
Persistent link: https://www.econbiz.de/10013082540
Federalism and international trade regulation are popular topics in the legal literature, but the intersection of these two topics remains under-examined. This article explores this important intersection by engaging in a comparative analysis of U.S. and Canadian federalism, and by considering...
Persistent link: https://www.econbiz.de/10014170587
This article analyzes European Union-China trade relations in the context of the current negotiations for a new comprehensive framework agreement between the European Union (EU) and the People’s Republic of China. China is a strong economic power with increasingly sophisticated production in...
Persistent link: https://www.econbiz.de/10014186621
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a simple model of trade, in which a natural resource like oil is contested by competing groups using real resources ("guns"). Thus, conflict is viewed as ultimately stemming from...
Persistent link: https://www.econbiz.de/10013318353
Since the turn of the current century, leading transnational organizations and academic scholarship have identified tax competition among countries as one of the scourges of the international tax regime. Both the EU and the OECD have warned that tax competition erodes the tax bases of Member...
Persistent link: https://www.econbiz.de/10012992551
One of the important goals of trade facilitation is to lower the costs of trade that serve as a barrier to the developing countries from enjoying the benefits of increased trade and becoming integrated into global supply chains that account for nearly 60 percent of global trade today. The high...
Persistent link: https://www.econbiz.de/10013047507
In recent years, China has drawn a lot of attention, not only due to its rapid economic development and the WTO accession, but also due to its active attitude towards regional economic development. China, as the world's leading producer, also looks for multiple markets to decrease the chances of...
Persistent link: https://www.econbiz.de/10013031683
Notably, the 20th century was dominated by the legacy of devastating global wars, colonial struggles, and ideological conflicts as well as effort s to establish international systems that would foster global peace and prosperity. Yet, insecurity and corruption not only remain, they have become...
Persistent link: https://www.econbiz.de/10014155224