Retailing is a sensitive sector in most nations. It is highly visible to consumers and voters, employs many people, and has experienced disruptive technology progress in recent decades – what might be called Walmartisation (see Iacovone et al. 2011).
The implications of retail-sector liberalisation: Evidence from Romania
Beata Javorcik, Yue Li , 15 February 2013
The fiscal cost of trade liberalisation
Julia Cagé, Lucie Gadenne, 4 August 2012
As usual in times of economic peril, protectionism is back (Evenett 2012). Policymakers have long emphasised some of the negative side-effects of trade liberalisation and some academics have joined them. Rodrik (2011), for instance, argues that economic integration must not come at the cost of undermining countries' policy space to provide social insurance and steer industrial policy.
Unilateral tariff liberalisation
Richard Baldwin, 30 May 2012
For most of the post-war period, trade liberalisation was slow, involved only rich nations, and occurred only in the context of reciprocal bargains – multilateral GATT Rounds or regional trade agreements.
South-South free trade agreements: A work in progress?
Ganeshan Wignaraja , 20 October 2011
The last two decades have seen an unprecedented surge in free trade agreements (FTAs) as part of efforts to promote regional trade and investment. According to WTO estimates, 300 agreements were in force worldwide in 2010 compared with only 70 in 1990 (WTO 2011). Developing countries have driven the hike with South-South FTAs presently making up two thirds of FTAs in force.
Does services liberalisation benefit manufacturing firms? Evidence from the Czech Republic
Jens Matthias Arnold, Beata Javorcik, Aaditya Mattoo, 1 October 2011
Services liberalisation is a controversial subject, as is evident from recent policy debates in the EU and WTO. The scope for controversy is deep and wide. In contrast to the large body of empirical research on the impact of trade liberalisation in goods, little is known about the effects of allowing greater foreign entry in services industries.
Learning vs stealing: How important are market-share reallocations to India's productivity growth?
Ann Harrison, Leslie Martin, Shanthi Nataraj, 22 March 2011
There is a general consensus that trade liberalisation has the potential to increase the productivity of firms. But through what mechanisms does this occur?
Trade liberalisation and lagging regions in South Asia
Pravin Krishna, Devashish Mitra, Asha Sundaram, 13 February 2011
After decades of post-imperial stagnation, South Asia has experienced impressive growth in recent years. From 1990 to 2005, the region’s GDP grew at about 6% annually – nearly twice the rate of the world economy.
New evidence on the rise of trade and social protection
Michael Huberman, Christopher M. Meissner, 23 October 2009
Globalisation is commonly perceived as unleashing a race-to-the-bottom in labour regulation, environmental standards, and social protection, although evidence from earlier and current waves of globalisation suggests otherwise. Still the prejudice persists.
Trade policy commitments and contingency measures
Roberta Piermartini, 26 July 2009
Global trade is collapsing faster during the current crisis than it did during the Great Depression (Eichengreen and O’Rourke 2009), but we have not seen any protectionist outbreak resembling the disastrous policies of the 1930s (Eichengreen and Irwin 2009).
A US trade policy for development: Helping the poorest in a time of crisis
Kimberly A. Elliott, 27 May 2009
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Do entrepreneurs matter?Becker, Hvide
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
CEPR Policy Research
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- Does Supporting Passenger Railways Reduce Road Traffic Externalities?Lalive, Luechinger, Schmutzler
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti