Carlo Altomonte, Laura Bonacorsi, Italo Colantone, 28 January 2019

Amid Brexit and protectionist moves by President Trump, many observers are warning about the negative effects that a rise in trade barriers could have on growth. This column first highlights the important role acquired by deep-water ports as main hubs for trade during 1995-2007 and how they have allowed countries to gain from trade.  It then shows that becoming embedded in global value chains is a powerful determinant of growth, even if it implies that a growing share of gross exports represents value added that has been produced in foreign countries. 

Kerem Cosar, Banu Demir, 13 June 2017

Container shipping is considered to be one of the drivers of globalisation. This column uses micro-level data to show evidence that confirms the role of 'the box' in the global economy: it implies significant cost savings and explains a significant amount of the global trade increase since its inception. The results also suggest that most of its trade-increasing effect has already been realised.

Lucian Cernat, 08 December 2014

The world of international trade has been in constant evolution since the rise of containerisation. This column makes the case for the need to upgrade our toolbox for trade policy analysis. An upgraded "Trade Policy Analysis 2.0" would be based on firm-level statistics and a much more refined product disaggregation, both of which are now becoming widely available. 

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