This paper develops a dynamic theory that accounts for the evolution of trade policy, underlying internal class conflicts, and output growth performance over the last few centuries. By analyzing political responses to the distributional effects of international trade, it finds a prominent...

This paper develops a dynamic theory that accounts for the evolution of trade policy, underlying internal class conflicts, and output growth performance. By analyzing political responses to the distributional effects of international trade, it finds that economies with a comparative advantage in...

This paper assesses the effects of trade and technological change on Mexico's labor market between 1994 and 2019. The implications of the exposure of local labor markets to greater trade integration under NAFTA and to greater competition from China in the US market are analyzed, as are the...

Political debates and economic analyses often focus on single free trade agreements and their potential economic effects on participating trading partners. This study contributes to the literature by shedding light on the significance of trade agreements in the context of countries' positions in...

Political debates and economic analyses often focus on single free trade agreements and their potential economic effects on participating trading partners. This study contributes to the literature by shedding light on the significance of trade agreements in the context of countries' positions in...

Literature acknowledges various reasons for the natural resources curse, i.e., the tendency of countries that are abundant in natural resources to be relatively poor. However, all these reasons relate to the wealth effect created by natural resources, i.e., the increase in the income of a...

Most projections envision continued rapid growth in ASEAN, the PRC and India over the next two decades. By 2030, they could quadruple their output, virtually eliminate extreme poverty, and dramatically transform the lives of their more than 3 billion citizens. The impact will be felt across the...

The aim of the study is to consider the concept of diversification in the context of foreign trade, to clarify the classification of types of foreign trade diversification, ways to assess the level and to conduct a mass assessment of the level of foreign trade diversification of countries. The...

According to trade theory trade policy can impact quite differently (positively, negatively, nil) on economic growth depending on the model assumptions such as perfect or imperfect competition due to the existence of economies to scale or externalities. This result is replicated when the impact...