One of the classic insights from international economics is that there are winners and losers from trade. Recent research has pointed towards geography as a dimension along which the distributional consequences of international trade can occur (Topalova 2010, Autor et al. 2013, Dix Carneiro and Kovak 2018). We provide new theory and evidence on these […]
Trade in services has been relatively neglected in trade policy debates. This column argues that this is partly due to the fact that ‘mode 3’ services, the biggest mode of supply for services trade whereby companies establish a physical presence abroad to deliver services to foreign customers, are systematically missing from official trade statistics. A […]
Major geopolitical challenges have led to a significant increase in the use of economic sanctions, and the recent trend extends far beyond the number of cases during the Cold War era (e.g. van Bergeijk 2022, Yotov et al. 2020). 1 The sanctions imposed by Western nations on Russia following its invasion of Ukraine mark another milestone, with […]
From COVID-19 and war in Ukraine to terrorist attacks on the Red Sea and climate-induced drought in the Panama Canal, global supply chains have been hit by an unprecedented barrage of shocks in the past four years. Mitigating the impact of these shocks is of utmost importance considering the harm they have inflicted on the […]
