Aaditya Mattoo, Arvind Subramanian, Prachi Mishra, 23 March 2012

Do exchange rate movements in one country affect its competitors? This column suggests that a 10% appreciation of the renminbi increases other developing countries’ exports by about 2%. Where competition with China is especially intense, the increase could be as large as 6%. The results imply that an appreciation of the renminbi could provide a boost to developing country exports.

Simon Evenett, 16 May 2009

Policymakers on both sides of the Atlantic have pointed to what they see as the "green shoots" of economic recovery. However, this column shows that the people who undertake international trade aren't taking a sanguine view about trade protectionism. Governments need to eschew all forms of beggar-thy-neighbour policy and follow the five steps described below. This is no time for premature self-congratulation on a victory over protectionism.

Axel Dreher, Stephan Klasen, Andreas Fuchs, Jan-Egbert Sturm, 29 October 2008

With the world slipping into a recession of unknown magnitude, protectionist temptations appear across the globe. This column argues that finishing the Doha Round WTO negotiations would both provide a boost to the world economy and send a strong signal that beggar-thy-neighbour policies are not on the table this time.

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