Adequate policy space is essential for resource-rich countries to move up the value chain and seize the opportunities presented by global decarbonization and the demand for low-carbon technologies. However, WTO rules, investment and free trade agreements (FTAs) deprive nonhegemonic powers of the...

Empirical models of trade agreements implicitly assume that withdrawal from a trade agreement has an equal and opposite trade effect as accession, i.e., symmetry. With increasing opposition to international economic cooperation, it becomes urgent to test this assumption. We analyze a...

Trade in services has been of special interest to both India and the EU as services are a major contributor to GDP and trade flows in the two economies. Steadily rising services trade between India and the EU is, however, characterized by certain peculiarities, which are worth noticing. These...

Economic integration, which in today's global trade is the fundamental component of linking economic ties between countries, is another important factor in the acceleration of economic growth. The provision of trade logistics services is essential to a nation's economic success in international...

This compelling exploration delves into President Xi Jinping's ambitious efforts to restore China to its historical role as a global leader through innovative economic means. Bridging the philosophies of Mao Zedong and Deng Xiaoping, Xi's approach is a unique synthesis of...

While FTA negotiations are proliferating, our paper shows that targeting the appropriate sector is crucial for generating employment opportunities subsequent to FTA. In particular, we show that, countering conventional wisdom, targeting skill-biased exports and not the sector that employs...

This study analyses the impact of the African Continental Free Trade Area (AfCFTA) on the Common Market for Eastern and Southern Africa (COMESA) using a recursively dynamic global computable general equilibrium (CGE) model, MAGNET. The study considers two policy measures: cuts in bilateral...

On 30th May 2024, the African Continental Free Trade Area (AfCFTA) celebrated its fifth anniversary, which legally implied that the agreement is up for review for possible amendments. To kickstart this review, the Thirty-Seventh Ordinary Session of the African Union Summit (held in February...

Adequate policy space is essential for resource-rich countries to move up the value chain and seize the opportunities presented by global decarbonization and the demand for low-carbon technologies. However, WTO rules, investment and free trade agreements (FTAs) deprive nonhegemonic powers of the...

Purpose - The purpose of this paper is to analyse the international political economy of Korea and its effects due to geopolitical tension between China and the USA. Design/methodology/approach - Economic war between China and the USA has prolonged longer than expected. Aftermath of the COVID-19...

Empirical models of trade agreements implicitly assume that withdrawal from a trade agreement has an equal and opposite trade effect as accession, i.e., symmetry. With increasing opposition to international economic cooperation, it becomes urgent to test this assumption. We analyze a...

While FTA negotiations are proliferating, our paper shows that targeting the appropriate sector is crucial for generating employment opportunities subsequent to FTA. In particular, we show that, countering conventional wisdom, targeting skill-biased exports and not the sector that employs...

Trade in services has been of special interest to both India and the EU as services are a major contributor to GDP and trade flows in the two economies. Steadily rising services trade between India and the EU is, however, characterized by certain peculiarities, which are worth noticing. These...

The Association of Southeast Asian Nations is considered as one of the successful regional cooperations and has played a remarkable role in regional, and potentially global, order through its principles of consensus, non-interference, and peaceful resolution of conflicts, providing platform for...

(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...

This study employs the economy-wide model DEMETRA to provide a detailed characterisation of the impacts of the African Continental Free Trade Area on the Ghanaian economy from 2020 to 2035 and how these economy-wide impacts will affect food consumption and affordability. It considers two...

Is the harmonization of different food standards between countries in the context of free trade agreements exclusively positive, or is there a risk of high social costs for consumers? The harmonization of different national regulations plays an important role in contemporary trade policy. In...