This blog is a biweekly feature highlighting recent working papers from around the World Bank Group. This entry introduces 6 papers published from February 16 to 28 on various topics, including trade agreements, climate change and banking risks.
Two developments for South-South trade and investments post Covid-19 - Institute of Development Studies ids.ac.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ids.ac.uk Daily Mail and Mail on Sunday newspapers.
Many countries try to bring down trade costs by striking free trade agreements, forming currency unions or joining the WTO. But when trade costs fall, how much does trade increase? This column finds that the impact depends on how intensively countries trade. Falling trade costs boost trade between countries with initially ‘thin’ trading relationships where the scope for growth
The economics of deep trade agreements: A new eBook | VOX, CEPR Policy Portal voxeu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxeu.org Daily Mail and Mail on Sunday newspapers.
Nauro Campos, Fabrizio Coricelli
Trade agreements are one of the most widely used policy tools for economic integration. Over the past decades, they have evolved both in volume and in scope. Whereas the predominant focus of early trade agreements was lowering tariffs, modern trade agreements contain a range of deeper provisions which go beyond the narrow remit of traditional trade policy instruments.
Such provisions apply to trade in services as well as trade in goods, and are widespread across agreements. They encompass measures ranging from recognition of professional qualifications for service providers, investment liberalisation, and intellectual property protection commitments, to policy areas such as anti-corruption, visa, and asylum. Trade agreements which include these provision types are referred to as deep trade agreements (DTAs).