Search results for "international trade"
showing 10 items of 246 documents
Evolution of the Defense Integration in Europe
2020
The notion of a defense Union has been played with since the beginning of the European integration. Despite hardships in deepening the integration further from that of the economy, the European Union has taken some significant steps regarding foreign and security policy from the early 1990’s to this day. Especially the last months’ implications concerning Permanent Structured Cooperation have brought the Union ever so closer to an effective defense union with a common military. However, all of the decision making concerning European Union foreign and security policy is based on the principles of intergovernmental-ism and consequently, the effectiveness of a potential European Defense Union …
Foreign Direct Investment, Terms of Trade, and Quality Upgrading: What Is So Special about South Asia?
2016
The existing literature has highlighted the positive effect of foreign direct investment (FDI) on export upgrading and associated terms of trade in developing economies. However, the FDI effect has been found to be negative in South Asia. In this paper, we elaborate on the South Asia-specific effect by emphasizing the role of human capital in the positive link between FDI and terms of trade. We argue that education levels in South Asia have lagged behind those in East Asia and other developing regions. This has resulted in a world market integration strategy in South Asia that specializes in less skills-intensive products and generates associated FDI flows. We demonstrate these patterns fo…
Germany Needs a National Stability Pact
2003
In many publications1, Horst Siebert has recommended that national fiscal policies within European Monetary Union be subjected to certain conditions in order to lay the foundation for a stable currency. Provisions to this effect have been laid down in Art. 104 of the EC Treaty and the European Stability and Growth Pact. The first “acid test”, however, has cast doubt on whether these provisions are sufficient to ensure sustainable solid public-sector finance in the member countries.
CLUSTER OF COUNTRIES ANALYSIS BY RESPONSIBLE COMPETITIVENESS, NATIONAL COMPETITIVENESS AND CORRUPTION
2008
The Global Competitiveness Report, the State of Responsible Competitiveness and the Global Corruption Barometer elaborate annually a countries ranking that emphasize the progress or regress of each country. Using this reports the paper try to make a clusters analysis of world country by responsible competitiveness, national competitiveness and corruption. The main idea of this paper is to split the countries in three categories of clusters - innovators, asserters and beginners - in relation between responsible competitiveness and national competitiveness - and - stars, asserters and beginners - in relation between corruption and national competitiveness. Within the three clusters, countries…
The Contribution of Technological Change on EU's Exports
2013
Abstract The competitiveness of European countries is a constant concern in an environment dominated by the globalization of markets. Export competitiveness is an important dimension of a country's competitiveness. On top of that, in support to competitiveness, innovation is considered as a strong variable according to the Schumpeterian framework. This paper explores the relationship between technological change and international trade according to the OECD technological classification and the United Nations International System of Industrial Classification third revision for the 2 and 3 digit divisions of the manufacturing sector industry. An exploratory analysis is carried out on four Eur…
Impacts of global multilateral trade liberalization on sustainability indicators
2007
A computable general equilibrium model was used to analyze trade liberalization impacts on sustainability. On the basis of multilateral trade negotiations in Doha Round, partial trade liberalization (PTL) and deep trade liberalization (DTL) scenarios were designed to assess their impacts on economic, social and environmental dimensions of sustainability using selected indicators. In a short time period DTL scenario showed high sustainability performance for developed and developing regions. In a longer time period gradual trade liberalization (PTL) appeared to be more beneficial in terms of sustainability performance for developing and least developed regions. Under both PTL and DTL scenari…
Can international environmental cooperation be bought?
2010
In this paper a two-stage game of international environmental agreement formation with asymmetric countries is analytically solved. The equilibrium of the game makes it possible to determine the size and composition of a stable agreement. Two cases are studied. In the first case, countries differ only in abatement costs, while in the second case, they differ in environmental damages. In both cases, two different institutional settings, one without transfers and another with transfers, are considered. The results establish that the asymmetry assumption has no important effects on the scope of cooperation in comparison with the symmetric case if transfers are not used or abatement costs repre…
Transatlantic Trade Wars: The United States and the European Union in Endless Confrontation
2018
Considering two highly interlinked economies of such tremendous size as the United States (US) respectively the European Union (EU), it does not come as a surprise that these circumstances inevitably provide fertile soil for transatlantic trade disputes to thrive. In spite of their decisive contribution to the postwar trade liberalization process, the two giants never quit being protectionist in certain particular domains considered sensitive for one part or the other. Sensitive domains are those in which nations fear competition from abroad, in apprehension of being disruptive to their own economy. Usually sectors that are incapable of withstanding foreign competition, most often agricultu…
THE DURATION OF FIRM-DESTINATION EXPORT RELATIONSHIPS: EVIDENCE FROM SPAIN, 1997-2006
2012
I. INTRODUCTION The traditional trade literature that investigates aggregate trade flows emphasizes the sizeable increase in trade relationships since World War II and the remarkable persistence of trade flows. However, recent microlevel studies point out that under the stable aggregate trade flows there is a rich dynamics at firm- and/or product-level with a high turnover. In fact, international-market presence is often a transitory and an uncommon phenomenon. At any period, only a small percentage of home-based firms participate in trade and exporting firms are different from non-exporters (larger, more productive, etc.). Moreover, there is much persistence in exporting status; being an e…
Using GATS Article II to Resort to Investment Arbitration
2020
It is widely known that links between international investment law and World Trade Organization (WTO) rules—which are part of competition law at the global level—are numerous. But is it possible to use a WTO rule to resort to investment arbitration? This is what a corporation from Luxembourg attempted to do recently as a consequence of a dispute arising from an investment made in the airport sector in Senegal. Since Luxembourg had no investment treaty with the investor’s host state, the claimant sought to establish the jurisdiction of an investment tribunal by combining the most-favoured-nation clause provided in General Agreement on Trade in Services (GATS) Article II and the investor-stat…