Economic theory, including endogenous growth, the role of institutions, and, most importantly, the New Economic Geography (NEG), have made significant progress in explaining the emergence of core-periphery patterns behind this divergence. They point to the critical role of agglomeration, which...

Agriculture is yet again causing contention in international trade negotiations. It caused long delays to the Uruguay round in the late 1980s and 1990s, and it is again proving to be the major stumbling block in the World Trade Organization's (WTO) Doha round of multilateral trade negotiations...