Hiau Looi Kee, Cristina Neagu, Alessandro Nicita, 01 June 2010

Did increased protectionism cause the great trade collapse? This column argues that, while there has been a rise in the use of tariffs and anti-dumping duties, protectionism accounted for no more than 2% of the drop in world trade in 2009.

Robert Baldwin, 17 May 2010

Since the end of the Second World War, the US has been the world leader in promoting the reduction of trade barriers and establishing international trading rules. This column argues that by remaining on the sidelines of the Doha Round negotiations, the US risks losing influence over how important international economic matters are decided. This loss of economic influence will be followed by a loss of political influence.

Arvind Subramanian, 24 April 2010

Global imbalances have been central to the recent debate of China’s exchange-rate policy and its effect on US jobs. This column argues that global imbalances are not going away. The policy solution is clear. Coordination is needed among emerging economies on managing capital flows and exchange rates. Swift and substantially policy from China can help bring this about.

Richard Baldwin, 23 April 2010

Offshoring is one of the most controversial outcomes of globalisation. This column asks whether economists need a new analytic framework to understand it. New research argues that all you need is good old-fashioned trade theory to keep your thinking straight.

Kristian Behrens, Gregory Corcos, Giordano Mion, 21 March 2010

World trade fell dramatically during 2009, as widely documented on this site and elsewhere. But there has been little econometric analysis of the different explanations put forward. This column uses data from Belgium to argue that a fall in demand was the main culprit. It is not a trade crisis – it is a trade collapse.

Gary Hufbauer, Jeffrey Schott , Woan Wong, 22 February 2010

Fears of protectionism have risen in the wake of the global financial crisis. This column argues that, far from being time to abandon the Doha Round, sustaining political support for the rules-based multilateral trade system is more important than ever. If this column’s recommendations are followed, world GDP could gain up to $282.7 billion a year.

Kalina Manova, Davin Chor, 15 February 2010

Was the great trade collapse due to the evaporation of credit? This column examines how the interbank lending rate across countries affected US trade during the crisis months to confirm the role of credit conditions in influencing trade patterns. It suggests the decline in trade volumes would have been about twice as large had interbank rates remained at the high levels of September 2008.

Kris Mitchener, Se Yan, 12 February 2010

How is the global trade boom affecting wages in developing countries? Evidence from China’s first widespread experience with globalisation suggests that, under certain conditions, the skill premium can decline when developing countries open up to trade.

Susan Ariel Aaronson, 03 August 2008

Many in the press and economics profession have portrayed John McCain as the free trade candidate in the upcoming US election. This column defends Barack Obama’s trade policies and criticises those labelling him a protectionist. It argues that Mr Obama is pro-trade and aims to maximise welfare rather than economic growth.

Ben Lockwood , John Whalley, 28 July 2008

Business worries that leading on climate change means lagging on competitiveness and propose linking carbon-cutting policies to tariffs. This column argues that lessons from the 1960s debate over VAT rates and border adjustments suggest that carbon-linked border adjustments may be ineffective and unnecessary.

Douglas Irwin, Petros Mavroidis, 29 July 2008

The WTO's Doha Round talks failed. This column draws lessons from a new book on the history of the WTO's predecessor, the GATT, to show that building and maintaining the global trading system has never been easy. The key ingredient is political leadership, which is evidently lacking at this stage.

Thierry Mayer, 21 April 2008

Finding explanations for cross-country differences in development levels is perhaps one of the most important questions in economics. CEPR DP6798 provides evidence that access to markets, measured as a theory-based index of market potential is an important factor in development.

Oded Galor, Andrew Mountford, 18 February 2008

The last 200 years saw a ‘Great Divergence’ in per capita income, as some countries industrialised while others remained less developed. This column attributes the divergence to international trade. Comparative advantage encouraged industrialising economies to invest in human capital, while non-industrial economies experienced population growth.

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.

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