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The trade and environment relationship is complex and presents both challenges and opportunities. For instance, trade can lead to increased economic growth can result in increased consumption of non-renewable resources and greater environmental harms. On the other hand, increased economic growth...
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One of the selling points behind larger preferential trade agreements (PTAs) is the potential to encourage the spread of global value chains (GVCs). These supply chains are increasingly critical to the globalized economy. Large GVC operators may include up to 15,000 firms in their networks...
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to the global economy today. Given the rise of nationalism reflected in recent world events, we are pleased to be part of …
Persistent link: https://www.econbiz.de/10012922770
(1) Background: The COVID-19 pandemic severely disrupted global trade, posing challenges for regional trade agreements such as the Pacific Alliance, comprising Chile, Colombia, Mexico, and Peru. This study investigates the Pacific Alliance's impact on trade creation and diversion during the...
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The high hopes that the Trans-Pacific Partnership (TPP) would open up trade across the Pacific were dashed by the decision of the new US Government under President Trump to withdraw from the agreement in January 2017. Despite being controversial, the TPP had been recognized as an agreement that...
Persistent link: https://www.econbiz.de/10011621255
The proliferation of RTAs is a central feature of the world trade policy environment in the last 20 years. This paper … provides an empirical study of the extent to which the formation of RTAs has changed the distribution of world goods trade … between pairs of countries in each year. On average for the world economy this measure does not increase over the sample …
Persistent link: https://www.econbiz.de/10011786744