This article considers the inherent illogic of existing approaches to applying U.S. trade law to Non-Market Economy (NME) countries. U.S. trade law is largely based upon the premise that free trade is best, so long as it is essentially fair. Of the areas of trade law that control this balance...

European empires had two key economic aspects: the extraction of colonial wealth by colonizers, and the relevance of trade for the colonial economies. I build a simple model of decolonization that puts these two elements at centre stage. By controlling policy in the colony, the mother country...

European empires had two key economic aspects: the extraction of colonial wealth by colonizers, and the relevance of trade for the colonial economies. I build a simple model of decolonization that puts these two elements at centre stage. By controlling policy in the colony, the mother country...

In this paper we investigate whether the effects of terrorism in one country spillover to affect trade in neighboring nations. Using a sample of more than 160 countries from 1976 to 2014, we report robust evidence that terrorist attacks in a nation's contiguous neighbors significantly reduce...

In this paper we investigate whether the effects of terrorism in one country spillover to affect trade in neighboring nations. Using a sample of more than 160 countries from 1976 to 2014, we report robust evidence that terrorist attacks in a nation's contiguous neighbors significantly reduce...

We report robust evidence of adverse cross-border externalities from terrorism on trade for over 160 countries from 1976 to 2014. Terrorism in one country spills over to reduce trade in neighboring nations. These externalities arise from higher trade costs due to trade delays and macroeconomic...

The General Agreement on Trade in Services (GATS) under the WTO is a newly-born and the first ever multilateral agreement on trade in services. Despite of potential development and welfare prospects abound in the services sector, only moderate liberalization has been achieved under the GATS and...

China's exchange rate regime has been an international concern for years, and is possibly one of the chief reasons for causing a trade war between the United States and China. Critics have alleged that the current Chinese RMB practices add unfair advantages to Chinese exports, and are hence a...

The objective of this paper is to assess the claim that the WTO dispute settlement system should improve the transparency of its proceedings to people by opening panel and Appellate Body meetings as well as accepting and reflecting unsolicited amicus curiae briefs. This paper argues that the...

Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...