The WTO system and democratic rights are unexpected bedfellows. The GATT ⁄WTO requires governments to adopt policies that provide foreign products (read producers) with due process, political participation, and information rights related to trade policymaking. Because these nations also provide these rights to their citizens, a growing number of people are learning how to influence trade-relate...

If a coalition of countries implements climate policies, nonparticipants tend to consume more, pollute more, and invest too little in renewable energy sources. In response, the coalition’s equilibrium policy distorts trade and it is not time consistent. By adding a market for the right to exploit fossil fuel deposits, I show that these problems vanish and the …rst best is implemented. When the ...

This study evaluates the nexus of enterprise value and trade-credit strategies. Fixed-effects modeling is used for baseline outcomes, a difference-in-difference approach applied as quasi-natural experiment. The estimates are robust to alternative measures distant covariates. findings validate that has positive (negative) impact on (supplies), (demand). said effect more pronounced in SOEs, revea...

Primary objective of this paper is to explain why Korea has been successful in economic growth and industrial transformation while Iran has failed in this area. To explain the different performances of the two countries, we have looked at their initial level of industrialization, nature of political regimes and economic institutions, trade and industrial policies in the two countries. Our c...

Integrated – economic, environmental, and social – assessment tools can provide a clear indication of both the positive and the negative impacts of trade liberalisation from which effective policies to reduce the negative impacts, and strengthen the positive ones can be developed. Assessments feeding into the policy development process can promote increased integration of environmental and soci...

The continuous friction for more than two centuries in softwood lumber trade between Canada and the United States only keeps escalating. The reason for the prolonged battle in the softwood lumber trade is the huge economic value of the bilateral lumber trade, the size of the lumber markets in both countries, and the adverse impact of one country’s policies on the other country’s lumber market. ...

Trade protection remains a prominent feature of the current world economy and likely has significant effects on industries and macroeconomies. In this paper a particular type of policy, price supports, is analyzed in a two-country, dynamic, general equilibrium model. This model brings new perspectives to the analysis in that it is monetary and has labor mobility within countries between the tra...

Among all the newly industrializing countries, South Korea’s development strategies, as implemented during the period of export-driven industrialization (1962-80), stand out as a model case in which rapid industrialization has been achieved by means of articulate trade and industrial policies. This paper, taking the historical perspective, critically examines the country’s industrial policies a...