In the increasingly heated American political discourse about China’s exchange rate, there have been loud cries for action, often unaccompanied by thorough analysis.
US policy approaches to China’s currency
Philip Levy, 16 April 2010
Would freeing up world farm trade reduce or increase poverty?
Kym Anderson, John Cockburn, Will Martin, 28 April 2010
Trade policy reforms in recent decades have sharply reduced the distortions that were harming agriculture in developing countries. Yet global trade in farm products continues to be far more distorted than trade in nonfarm goods, and model results suggest removing the remaining distortions would put upward pressure on food prices in international markets.
Correcting the Chinese exchange rate: An action plan
Fred Bergsten, 16 April 2010
The Chinese renminbi is undervalued by about 25% on a trade-weighted average basis and by about 40% against the dollar (Cline and Williamson 2009 and Goldstein and Lardy 2009)1. The Chinese authorities buy about $1 billion daily in the exchange markets to keep their currency from rising and thus to maintain an artificially strong competitive position.
Antidumping: Much ado about nothing?
Hylke Vandenbussche, Maurizio Zanardi, 8 March 2010
Despite the global crisis, countries have by and large upheld their pledge not to increase protectionism.
Figuring out the Doha Round
Gary Clyde Hufbauer, Jeffrey J. Schott , Woan Foong Wong, 22 February 2010
Crisis-linked unemployment remains stubbornly high, and protectionist pressures are mounting (Bown 2010, Evenett 2010). Sustaining political support for the rules-based multilateral trade system is more important than ever to the global economy.
Will Stabilisation Limit Protectionism? The 4th GTA Report
Simon J Evenett, 18 February 2010
Download the report from the Global Trade Alert website here.
Will stabilisation limit protectionism?
Simon J Evenett, 18 February 2010
After contracting sharply in the first half of 2009, many economies stabilised and some even began to recover in the last quarter of 2009.
Antidumping, safeguards, and protectionism during the crisis: Two new insights from 4th quarter 2009
Chad P Bown, 18 February 2010
When the economy is down, protection is up.1 But this old story has taken on new urgency. As the crisis is global and synchronised, and as high unemployment continues to generate protectionist pressures, the protectionist reaction has been broader than usual (Evenett 2009).
The impact of crisis-driven protectionism on EU exports: The “Russian doll” effect
Lucian Cernat, Nuno Sousa, 9 January 2010
The trade collapse of 2009 was as severe as in the Great Depression – if not more so.
Trade and labour income risk in the US: Evidence from longitudinal data
Pravin Krishna, Mine Zeynap Senses, 19 December 2009
The severe recession has intensified the political pressure on governments to safeguard jobs at home. As has been argued on this site before, protectionism is the wrong response because import protection stifles access to a greater variety of goods, raises prices and hinders the efficient allocation of resources.
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- 13th Summer School in International Development Economics: Investment, Saving and Wellbeing in Developing Countries10 - 13 June 2014 / Palazzo Feltrinelli, Gargnano, Lake Garda (Italy) / Organisers: Centro Studi Luca d’Agliano, Centre for Economic Policy Research (CEPR), Paolo Baffi Center on International Markets, Money and Regulation, Department of Economics, Management and Quantitative Methods of the University of Milan, Department of Economics, Quantitative Methods and Business Strategies of the University of Milan Bicocca, Vilfredo Pareto Doctoral Program in Economics of the University of Turin, The Lombardy Advanced School of Economic Research (LASER).
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