The global economic landscape is undergoing a transformative shift, as evidenced by the BRICS nations’ increasing dominance. This development raises questions about the emergence of economic and political blocks and their potential leverage. China and India, as the world’s most populous...

In this paper, we analyse effects of EU integration on Asian countries. Since the early 1990s, it is especially the trade creation effect of monetary integration (so-called Rose effect) which is heavily debated in the literature. Recent papers seem to indicate that the Rose effect seems to be...

The paper applies an index suggested by Jeffrey Frankel on how to measure the gap between the intensity of national versus international transactions of a country to more than 100 countries over four periods between 1990 and 2005. The gap stands for incomplete globalization. It is shown that the...

The paper applies an index suggested by Jeffrey Frankel on how to measure the gap between the intensity of national versus international transactions of a country to more than 100 countries over four periods between 1990 and 2005. The gap stands for "incomplete" globalization. It is shown that...

Mitte Juni 2013 wollen die USA und die Europäische Union Verhandlungen über ein Freihandelsabkommen aufnehmen. Gabriel Felbermayr, Ludwig-Maximilians-Universität München und ifo Institut, und Mario Larch, Universität Bayreuth, betonen, dass jedes Abkommen, das Wachstums- und...

Mitte Juni 2013 wollen die USA und die Europäische Union Verhandlungen über ein Freihandelsabkommen aufnehmen. Gabriel Felbermayr, Ludwig-Maximilians-Universität München und ifo Institut, und Mario Larch, Universität Bayreuth, betonen, dass jedes Abkommen, das Wachstums- und...

The paper discusses the relevance of past concerns about trade and foreign direct investment diversion to the detriment of Asian suppliers and hosts as a result of EU integration deepening and widening in the nineties. Based on recent empirical evidence, these concerns are rejected. As concerns...

This paper discusses the issue whether developing countries forego chances in world manufactured markets by protecting intermediate services against market entry of new suppliers. By scanning the empirical literature on effective rates of protection (ERP), the evidence is supportive. Yet, it...

The paper discusses similarities and differences between past EU binding internal liberalization „across the board“ in the industrial sector and present so-called voluntary sectoral liberalization of member states of the Asia-Pacific Economic Cooperation (APEC). While both approaches are...

The paper discusses the relevance of past concerns about trade and foreign direct investment diversion to the detriment of Asian suppliers and hosts as a result of EU integration deepening and widening in the nineties. Based on recent empirical evidence, these concerns are rejected. As concerns...