Following the release of the Panama Papers and the Pardise Papers, there has been renewed research into profit shifting by multinational firms. This column utilises a novel dataset to show that well-managed subsidiaries, independently of their headquarters, allow a company to be more responsive to tax changes, shifting more profits from high-tax to low-tax jurisdictions. […]
The global impact of US monetary policy significantly affects capital flows and credit growth in emerging markets, highlighting the importance of macroeconomic fundamentals and institutional quality in determining resilience during different monetary cycles. The United States dollar continues to reign supreme. The dollar dominates international trade and financial transactions, and the foreign exchange reserves of […]
Aligning national trade strategies with climate commitments fosters sustainable growth and resilience in developing economies. Integrated policy frameworks, multilateral cooperation, climate-resilient infrastructure, and capacity building can achieve this balance. As climate change reshapes the global economy, aligning national trade strategies with climate action is essential. Developing countries in Asia and the Pacific urgently need to […]