Digital Commons Network^™

How Trade Liberalization And Labor Development Could Coincide In The Philippines, Aeneas Dr Hernandez, Brendan Emmanuel A. Miranda, Martin William P. Regulano, Andrae Jamal Tecson, Martin William P. Regulano, Ma. Ella Oplas, Tereso S. Tullao Jr, Winfred M. Villamil

Angelo King Institute for Economic and Business Studies (AKI)

As the world adapts to the rapid pace of globalization in the 21st century, countries ease trade restrictions by gradually removing tariffs and non-tariff barriers to incentivize the free flow of goods across nations. This prevalence of trade liberalization policies propelled policymakers and economists to investigate the relationship between trade reforms and economic outcomes including wage inequality around the world. They found that trade liberalization, on average, has had a positive impact on economic growth, but prior studies that examine the effects of trade liberalization on wage inequality in developing countries have found mixed results. Recently, Murakami (2021) examined the …

How Has Nafta Affected The Business Relationship Between The United States And Mexico?, Julia Molinaro

Honors College Theses

This paper researches the effects NAFTA has had on the relationship between Mexico and the United States. It positions the question of why Mexico chose to enter the agreement within a larger historical context, debating the economic and social effects on the country as a whole. This study shows how economic trends have changed prior to and since Mexico joined NAFTA. It elaborates on the specific dynamics of what it means for the two countries to interact with each other on a cultural level, under the framework explained by Geert Hofstede's cultural dimensions. Then, it poses recommendations for ways that …

The Status Of Recognition And Enforcement Of Judgments In The European Union, Michael D. Larobina, Richard L. Pate

WCBT Working Papers

International trade and the free movement of people are inevitably followed by legal disputes. Such litigants require an efficient and predictable dispute resolution mechanism capable of handling cases between diverse nationals. An essential part of such mechanism is a clearly defined process of judgment enforcement across national boundaries. In the past several decades, the European Union (“EU”) has necessarily addressed judgment enforcement across the boundaries of its member nations (“Member States”). Citizens of the EU need to prosecute and defend their legal rights in their home and in other EU member states. Presently, the EU is, again, considering such issues …

Sweet Diversity: Colonial Goods And The Welfare Gains From Trade After 1492, Jonathan Hersh, Hans-Joachim Voth

Economics Faculty Articles and Research

When did overseas trade start to matter for living standards? Traditional real-wage indices suggest that living standards in Europe stagnated before 1800. In this paper, we argue that welfare rose substantially, but surreptitiously, because of an influx of new goods as a result of overseas trade. Colonial luxuries such as tea, coffee, and sugar transformed European diets after the discovery of America and the rounding of the Cape of Good Hope. These goods became household items in many countries by the end of the 18th century. We use three different methods to calculate welfare gains based on price data and …

China And India Enter Global Markets: A Review Of Comparative Economic Development And Future Prospects, Penelope B. Prime

International Business Faculty Publications

An American economist specializing in the economic and business development of China as well as India presents the results of a focused comparison of their emergence as global economic powers in the late 20th and early 21st centuries. More specifically, she selectively reviews the body of published research comparing China and India, with emphasis on the literature covering the two countries’ economic achievements, the nature of reforms and institutions, as well as the overall social contexts within which development and growth are occurring. The author addresses such major questions as the importance of timing and location in the two countries’ …

China And Latin America: A Match Made In Trade Heaven Or Dependency Reloaded?, Meghan Skira

Senior Honors Projects

China’s economy is expanding rapidly, and the emerging powerhouse is searching for energy resources, raw materials, and markets to maintain its economic growth. China has shown an insatiable appetite for Latin American natural resources, commodities, and agricultural products, from oil to lumber to copper to soybeans. Trade values between the two regions increased greatly from $1.3 billion in 1980 to about $13 billion in 2000 to over $50 billion in 2005. Latin America has the raw materials that China needs to fuel its economic expansion and offers a large market for cheap Chinese manufactured goods. Many analysts claim that Sino-Latin …

General Agreement On Tariffs And Trade (Gaff) And The World Trade Organisation (Wto): The Major Provisions And The Implication For Nigeria, O. A. Ogunlana

CBN Occasional Papers

This paper shall review the major provisions of the GATT with respect to the Multilateral Agreements on Trade in Goods only and the likely implications for Nigeria. The review of the General Agreement on Trade in Services and the Agreement on Trade - Related Aspects of Intellectual Property Rights shall be covered in another exercise. The rest of the paper is, therefore, organised into five parts. Part I discusses the GATT’s basic principles and the major agreements of the latest multilateral trade negotiations otherwise known as the Uruguay Round. The World Trade Organization, its major functions, structure and the decision-making …

The United Arab Emirates : Market Intellegence Project Agwest Trade And Development Briefing Notes 1997, Rachel Hills

All other publications

Located on the Gulf coast, the United Arab Emirates (UAE) consists of the seven states: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Qiwain, Ras Al Khaimah and Fujairah. The UAE was declared a federation on the 2nd December I 971 and is ruled by the Supreme Council of Rulers, which is composed of the seven Emirate rulers.

The UAE has a population of approximately 2.3 million. Its people enjoy one of the world's highest incomes per capita (estimated at US$17,900 in 1996) and the economy benefits from a relatively large annual trade surplus. The UAE's wealth is based on oil …

The State Of Israel : Market Intelligence Report, Agwest Trade And Development Briefing Notes 1997, Rachel Hills

All other publications

No abstract provided.

Exchange Rate And Income Effects On South Korean Exports: The Us Case, Heather M. O'Neill, William Ross

Business and Economics Faculty Publications

This paper analyzes econometrically the effects of direct and cross exchange rates as well as US income and Korean supply developments on the volume of Korean exports to the US. The results suggest that US demand has been the most important factor in the growth of Korean exports to the US in recent years. However, direct exchange rate effects are also important; the estimates suggest that for 1989-90, a yearly 10% real appreciation of the won against the dollar would have lowered export volume by about 10% per year relative to a baseline case. Cross exchange rate effects run counter …