Thierry Mayer, Vincent Vicard, Soledad Zignago, 02 August 2018

Sixty years after the Treaty of Rome came into force, doubts about the benefits of trade openness are increasing among the general public and policymakers, with Brexit and calls from many governments for a reversal of key integration agreements painting a bleak picture of what may come next. This column revisits the gains EU members have reaped from trade integration since 1957 and what would be the costs of going backwards. The results suggest that the Single Market has increased trade between EU members by 109% on average for goods, with associated welfare gains reaching 4.4% for the average European country.

Otaviano Canuto, Cornelius Fleischhaker, Philip Schellekens, 11 January 2015

While Brazil has become one of the largest economies in the world, it remains among the most closed economies as measured by the share of exports and imports in GDP. This column argues that this cannot be explained simply by the size of Brazil’s economy. Rather it is due to a reliance on domestic value chain integration as opposed to participation in global production networks. Greater trade openness could produce efficiency gains and help Brazil address its productivity and competitiveness challenges.

Ju Hyun Pyun, Jong-Wha Lee, 21 March 2009

This column claims that bilateral trade interdependence reduces the probability of inter-state military conflict. Moreover, global trade openness lowers the probability of conflict with the bilateral trade partner by a larger magnitude than bilateral trade does alone.

Arvind Panagariya, 15 January 2008

Historically, successful development has involved exporting labour-intensive manufactures. Despite opening up to the world economy in many respects, India’s policies continue to retard the expansion of labour-intensive sectors. Here is a discussion of how India could speed its transition to a modern economy.

Philippe Martin, Thierry Mayer, Mathias Thoenig, 04 January 2008

Civil war is a pivotal challenge for the development of the world’s poorest nations. Recent research finds that trade deters severe conflicts but fosters less severe ones. Here is the logic and evidence.

Gianmarco Ottaviano, 31 July 2007

Since the very beginning of European integration, the role of openness in promoting firm productivity has been recognised by European leaders. Recent evidence on Italian firms supports this view.

Gianmarco Ottaviano, 31 July 2007

Since the very beginning of European integration, the role of openness in promoting firm productivity has been recognised by European leaders. Recent evidence on Italian firms supports this view.

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