Gene Grossman, Phillip McCalman, Robert Staiger, 23 September 2019

While tariffs have been reduced significantly in the last decades, other barriers to trade, such as differing regulations across countries, continue to pose obstacles. This column presents a new framework to analyse how different forms of trade agreements can address these non-tariff barriers. For various economic environments, it discusses whether and how these treaties can achieve global efficiency.

Jean-Marc Fournier, 26 May 2016

The limits of the European Single Market have often been highlighted. This column argues that although implicit barriers remain, the Single Market has delivered substantial benefits to member countries. New empirical evidence is presented of the trade and FDI gains that Central and Eastern European countries have enjoyed since joining the Single Market. On top of making regulations more competition-friendly, regulatory harmonisation can boost the economic links between countries. 

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