China's accelerated global emergence has changed trade patterns in the Asia-Pacific region and exerted important influence on its trilateral relationship with Japan and the United States. In this paper, we evaluate the effects of multilateral and regional trade policy scenarios that are...

In March 2002, the United States imposed temporary safeguard measures on 11 steel products in the forms of higher tariffs and tariff-rate quotas. Using a dynamic computable general equilibrium (CGE) model, we evaluate the effects of U.S. safeguards on economic welfare, real GDP, steel trade, and...

The theoretical literature on trade and foreign direct investment (FDI) indicates that they could be either substitutes or complements. The empirical evidence on U.S.-Japan and Asia-Pacific Economic Cooperation (APEC) countries suggests that trade and FDI exhibit a complementary relationship. In...

At the turn of the millenium, most of the APEC countries have embarked upon an ambitious plan for open multilateralism. Using an 18-region, 16-sector dynamic computable general equilibrium (CGE) model of the global economy, we evaluate the effects of APEC trade liberalization on member-country...

Ten countries-most completing their transition from socialist-based economies to market economies-became the EU members in 2004, two additional countries are slated to join the Union in 2007, and a few others are expected to become members at some future dates. Despite a relatively small...