international trade
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Climate policies of major economies present risks and opportunities for developing countries
The US, China, and the EU are shaping the future of climate policy, but could their efforts hurt trade opportunities for developing countries? How should policymakers balance the green benefits of climate policy against the economic risks for those i...
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International Trade: Issue 2
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How does trade affect income inequality? Evidence from Ecuador
New measures of export and import exposure at the individual level show that international trade increases earnings inequality in Ecuador
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Globalisation and the ladder of development
Does international trade always push countries up the ladder of development?
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The hidden pollution subsidy in global trade
International trade policies subsidise pollution by favouring dirty industries, who face lower trade barriers
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The role of trade in economic development
Welfare gains from trade openness are dependent on whether trade results in a reallocation of resources towards or away from distorted sectors
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Pooled procurement of drugs in low- and middle-income countries can lower prices and improve access
Centralised procurement by the public sector leads to lower drug prices, but the price reduction is smaller when the supply side is more concentrated
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Integrated and unequal? The effects of trade on inequality in developing countries
Does trade increase inequality? The answer is nuanced and context-specific, but the solution for policymakers is not protectionism.
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Trade openness and macroeconomic volatility
Contrary to widely held views, trade can decrease GDP volatility through sectoral specialisation and country-wide diversification