Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries' economic integration agreements (EIAs)....

Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known -- and traditionally presumed exogenous -- “trade-cost elasticity” plays a central role in computing general equilibrium trade-flow...

As trade between China and African countries continues to expand, so does the debate as regards the developmental outcomes it is likely to produce. This paper examines the trade relations that have developed between the Common Market for Eastern and Southern Africa (COMESA) and China since 2000....

In making RTAs, WTO members need to justify its legal problem of MFN violation. Although the Enabling Clause provides important flexibility for the justification, RTAs concluded only among WTO member developing countries may claim this flexibility under the clause. As a consequence, any WTO...

The concept of globalization refers to the growing interdependence of countries, resulting from the increasing integration of trade, finance, investments, labor markets and ideas in one global marketplace. The most important elements of this process are the international trade and the...

This paper provides estimates of the potential for EAC member countries to increase exports to the rest of Africa under AfCFTA, assuming the other countries reduce tariffs on imports from the EAC. We adopt a simple approach to identify the markets (countries) and products most likely to benefit...

Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and created the impression that shortages would have been less severe if GSCs were either shorter and more domestic, or more diversified. But is this right? We start our answer by...

Post-soviet countries still experience economic challenges following the painful transition process and the global financial crisis. Especially, resource-rich countries experience it in a higher magnitude because of the distinguished role of the mineral revenue in the macroeconomic stability....

We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...