WTO agreement: The Bali Ribbon

Richard Baldwin, 12 December 2013

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Bali’s success got multilateralism out of the emergency room and into the intensive care unit – but we don’t know whether the operation was a success. The Bali package is only distantly related to the heart of the 2001 agenda (WTO 2013).

Topics: Global governance, International trade
Tags: Bali, Doha, mega-regional negotiations, multilateralism, regional trade agreements, trade, Trans-Pacific Partnership, Transatlantic Trade and Investment Partnership, WTO

High-end variety exporters defying distance: Macro implications

Julien Martin, Florian Mayneris, 4 December 2013

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Vox columns by Peter Schott (2007) and Fontagné et al. (2008) have argued that developed countries specialise in the production of high-end varieties – expensive varieties of a product which have specific attributes such as reputation, branding, or quality that make them appealing to consumers in spite of their higher price.

Topics: International trade
Tags: exports, France, luxury goods, trade

Does policy uncertainty reduce economic activity? Insights and evidence from large trade reforms

Kyle Handley, Nuno Limão, 23 November 2013

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The impact of policy uncertainty on economic activity is an issue traditionally associated with developing countries. Since 2008, however, the spotlight has shifted. Governments’ responses to the Great Recession and the Eurozone crisis have raised considerable uncertainty about the future policies of advanced economies.

Topics: International trade
Tags: China, Eurozone crisis, Great Recession, trade, uncertainty, US, WTO

Why buyers matter

Andrew B. Bernard, Andreas Moxnes, Karen-Helene Ulltveit-Moe, 15 November 2013

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Trade in goods across borders is conducted by firms, from an exporting firm in a source country to an importing firm in a destination country. Firms trade, not countries.

Topics: International trade
Tags: assortative matching, heterogeneity, Norway, trade

Will the WTO Bali conference advance the Doha Round and Asia?

Matthias Helble, Ganeshan Wignaraja , 13 November 2013

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Trade negotiators from Asia and elsewhere are locked in intense negotiations to lay the platform for a Doha trade deal at the WTO Ministerial Conference in Bali, Indonesia, 3–6 December 2013.

Topics: Global governance, International trade
Tags: Asia, Bali, Doha, food security, tariff-quota administration, tariffs, trade, trade facilitation, WTO

Competing successfully in a globalising world: Lessons from Lancashire

Nicholas Crafts, Nikolaus Wolf, 22 October 2013

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The ‘first globalisation’ of the 19th century – driven by the substantial falls in trade costs associated with the age of steam – saw the ‘First Unbundling’ (Baldwin 2006), in which industrial production and consumption became spatially separated, often by large distances.

Topics: Economic history, International trade
Tags: agglomeration, cities, cotton, globalisation, Industrial Revolution, industrialisation, Lancashire, trade, wages

Doing Business – less icing, more cake!

Thorsten Beck, 6 June 2013

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The World Bank Group’s Doing Business data collection and ranking exercise is again in the headlines, allegedly following China’s protest against it being ranked 91.

Topics: Development, Frontiers of economic research
Tags: Doing Business, trade

The transatlantic trade talks and economic policy research: Time to re-tool

Simon J Evenett, Robert M. Stern, 21 March 2013

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“And tonight, I am announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union – because trade that is free and fair across the Atlantic supports millions of good-paying American jobs”.

Topics: International trade
Tags: EU, trade, Transatlantic Trade and Investment Partnership, US

Growth dynamics and policy choices facing Indonesia

Ganeshan Wignaraja , 21 February 2013

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Growth slowed in Indonesia in 2012, indicating that the global financial crisis and economic slowdown had indeed had an effect on ASEAN’s biggest economy. Indonesia grew at 6.2% in 2012, down slightly from 6.5% in 2011. Overall, this remains a respectable figure. Bear in mind that Indonesia's annual average growth in the previous decade was below 6% (see Figure 1).

Topics: Development, Politics and economics
Tags: East Asia, natural resources, state capitalism, trade

‘No gain without pain’: Antidumping protection hurts exports

Hylke Vandenbussche, Jozef Konings, 30 January 2013

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Protection is often viewed as a powerful instrument to help domestic firms to raise their sales at the expense of foreign importers. But this view is now being challenged by recent research showing that the effects of protection really depend on the international orientation of the firms i.e. whether they are exporters or not.

Topics: International trade
Tags: EU, France, global value chains, protectionism, tariffs, trade

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