This essay develops a stochastic model of electoral competition in order to study the economic and political determinants of trade policy. Ideal policies of the different socioeconomic groups in society (landlords, industrialists, labor and skilled workers) are explicitly derived from a small open economy model. Then those ideal policies (trade policy and local public goods) are used to model t...

This paper is concerned with the Trade Policy Review Mechanism (TPRM), an important policy review function of the WTO. From a developing country perspective, a truly effective TPRM should accomplish several interrelated goals which together should add up to a boost to investor confidence in developing country markets. Several improvements that may move us closer to such a regime are discussed. ...

We explore the consequences of placing the Standard Model gauge fields in the bulk of the recently proposed localized gravity model of Randall and Sundrum. We find that the Kaluza Klein excitations of these fields are necessarily strongly coupled and we demonstrate that current precision electroweak data constrain the lowest states to lie above ' 23 TeV. Taking the weak scale to be ∼ 1 TeV, the...

1. South Africa: Summary of faultlines and action points

We offer a new perspective to the unionised wage effects of unilateral trade liberalisation by considering endogenous domestic market structure. Hence, in contrast to the existing works, which focus on the short-run effects of trade liberalisation on unionised wage, we focus on more long-run effects by considering the effects of trade liberalisation on the domestic market structure. Trade liber...

........................................................................................ 1 1.Introduction: .............................................................................. 1 1.1.What is Used Oil? ......................................................................... 2 1.2.Why is Used Oil: "Risky Waste"? ................................................ 2 1.3.How is Used Oil Recy...

A new gravity model with the function F (R) = (1/β) arctan (βR− βR) instead of the Ricci scalar in the Einstein–Hilbert action, describing inflation of the Universe, is suggested and analyzed. We obtain constant curvature solutions of the model in the Jordan frame. Performing the conformal transformation of the metric, the potential and the mass of a scalar degree of freedom in the Einstein fra...