Trade costs incorporate the cost of transportation along with tariffs, nontariff measures, insurance, distribution costs, infrastructure quality, and cross-border connectivity. The high costs of trade make the production process slow and costly, which forces international trade flows to...

This paper analyzes why the global financial crisis in 2008 severely affected Asia's trade. Asia has been suffering from the falls in export demand from developed countries. However the abrupt trade declines in Asia are not fully explained by reactions to this as in previous experiences. The...

This paper analyzes why the global financial crisis in 2008 severely affected Asia's trade. Asia has been suffering from the falls in export demand from developed countries. However the abrupt trade declines in Asia are not fully explained by reactions to this as in previous experiences. The...