China’s pure exporter subsidies: Protectionism by exporting

Fabrice Defever, Alejandro Riaño, 4 January 2013

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On 17 September last year, the US requested consultations with China concerning a wide range of export-contingent measures – grants, tax preferences and interest-rate subsidies, totalling at least $1 billion – in apparent violation of the WTO’s Agreement on Subsidies and Countervailing Measures, China’s accession protocol and article XVI of the GATT.

Topics: International trade
Tags: China, trade, welfare, WTO

Global imbalances: What role for the WTO?

Juan A. Marchetti, Michele Ruta, Robert Teh, 2 January 2013

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The world witnessed a large build-up of current account and merchandise trade imbalances, both in absolute and relative terms, prior to the global financial and economic crisis (see Table 1 and Figure 1). Current account/merchandise trade surpluses were most pronounced among the East Asian economies (e.g. China), oil exporters (e.g.

Topics: International trade
Tags: current account imbalances, liberalisation, trade, WTO

Can trade policy set information free?

Susan Ariel Aaronson, 22 December 2012

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 Although the internet is creating a virtuous circle of expanding global growth, opportunity, and information flows (Lendle et al. 2012), policymakers and market actors are taking steps that undermine access to information, reduce freedom of expression and splinter the internet (Herald 2012).

Topics: Frontiers of economic research, International trade
Tags: globalisation, internet, technology, trade

Value-added exchange rates

Rudolfs Bems, Robert Johnson, 6 December 2012

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Real effective exchange rates (REERs) are widely used to gauge competitiveness. Yet conventional REERs, based on gross trade flows and consumer price indexes (CPIs), are not well suited to that role when imports are used to produce exports – i.e., with vertical specialisation in trade.

Topics: Competition policy, Global economy, International trade
Tags: China, competitiveness, Germany, global imbalances, globalisation, iPhone, supply chains, trade

Why does finance matter for trade? Evidence from new data

Marc Auboin, Martina Engemann, 3 December 2012

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Academic interest in the role of trade finance has grown in the context of the financial crisis of 2008-09 and the subsequent economic downturn, just as policymakers’ interest was once caught by the Asian financial crisis (IMF 2003).

Topics: International trade
Tags: financial crisis, Great Recession, international trade, trade, trade credit, Trade finance, trade insurance

Firm organisation: What we know and why we should care

Laura Alfaro, Paola Conconi, Harald Fadinger, Patrick Legros, Andrew Newman, 2 December 2012

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A series of corporate calamities in the 2000s has helped to arouse suspicion amongst policymakers and the public that corporate organisation matters. Internal organisation issues are blamed for lost jobs, lost pensions and lost fortunes (e.g.

Topics: Industrial organisation, International trade
Tags: firm organisation, firms, protectionism, trade

Sparking off the magic of diasporas

Alireza Naghavi, Chiara Strozzi, 18 November 2012

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In a keynote address at the second annual Global Diaspora Forum in Washington, DC, this summer, Hillary Clinton, the US Secretary of State, said she believes that diaspora communities could help solve problems back in their home countries: “By tapping into the experiences, the energy, the expertise of diaspora communities, we can reverse the so-called ‘brain drain’ that slows

Topics: Global economy, International trade, Migration
Tags: diasporas, emigration, immigration, IPR, trade

Can the EU mobilise resources for peace in its neighbourhood?

Thorvaldur Gylfason, Per Magnus Wijkman, 4 November 2012

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Since its formation more than 60 years ago, the EU has played a major role in post-war reconciliation and reconstruction1. Ever-closer economic integration, supported by common institutions, has been the EU’s means to preventing conflicts among democratic European states.

Topics: Development, EU policies, Europe's nations and regions, Politics and economics
Tags: Balkans, Conflict, EU, MENA, Middle East, North Africa, trade

Africa gets hit by Eurozone crisis

Monica Eaton, Michael J Ferrantino, 4 September 2012

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There is currently an asymmetric contraction in merchandise trade focused on Europe. Data from CPB World Trade Monitor show real Eurozone imports declining by 7.7% in the 12 months ending May 2012, at a time when real world trade has expanded by 3.0%.

Topics: Development, Europe's nations and regions, International trade
Tags: Africa, Eurozone crisis, trade

Trade and inequality: From theory to estimation

Oleg Itskhoki, Marc Muendler, Stephen Redding, Elhanan Helpman, 20 May 2012

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Until recently, research on the labour market effects of international trade has been heavily influenced by traditional theories such as the Heckscher-Ohlin and Specific Factors models. Those theories provide predictions about relative wages across skill groups or across occupations and sectors.

Topics: International trade, Poverty and income inequality
Tags: Brazil, Inequality, liberalisation, trade

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