China’s WTO accession was a landmark event bringing one of the world’s major trading economies fully into the international rules-based system. The major features and implications of China’s accession agreement are reviewed and, given China’s success in trade and investment outside the...

The accelerated expansion of China’s trade and current account surpluses since 2004, and the associated expansion of China’s foreign exchange reserves in the context of very rapid investment-driven domestic economic growth and adverse movements in China’s terms of trade have led China’s...

The outbreak in 2018 of a rapidly escalating trade war between the United States and China is a watershed event that is reshaping the global economic and political order. The main complaints made by the United States against China, while increasingly widely accepted and repeated, do not...

China continues to grow in strategic importance for Canada and the world as a trade and innovation partner. China features untapped growth potential from internal integration and is underwriting East Asian regional integration through initiatives such as the One Belt – One Road trade corridor,...

Taiwan has indicated its interest in joining the Trans-Pacific Partnership Agreement. In this report, we evaluate the implications of Taiwan's accession for the United States to inform the negotiation process. We consider the sectoral export prospects for U.S. industry and provide estimates of...

This note takes a contrarian position on the significance of China’s subsidies, which are generally viewed as intractable and damaging to the rules-based system. It considers the implications of Lerner Symmetry for the aggregate effect of China’s subsidies and the implications of comparative...

Analysis of the financial crisis in East Asia has focussed on the most-affected East Asian economies, namely: Thailand, South Korea, Indonesia, Malaysia, and to a lesser extent the Philippines. However, these economies account for less than 15 percent of the GDP of East Asia. Japan, which...

Economic integration is evolving rapidly in East Asia, driven by a multitude of factors. The most important of these has been the entrenchment of China in the global division of labour and its increasingly important role as an independent engine of growth in the global economy. Business-led East...