international trade

New measures of export and import exposure at the individual level show that international trade increases earnings inequality in Ecuador

Does international trade always push countries up the ladder of development?

International trade policies subsidise pollution by favouring dirty industries, who face lower trade barriers

Welfare gains from trade openness are dependent on whether trade results in a reallocation of resources towards or away from distorted sectors

Centralised procurement by the public sector leads to lower drug prices, but the price reduction is smaller when the supply side is more concentrated

Does trade increase inequality? The answer is nuanced and context-specific, but the solution for policymakers is not protectionism.

Contrary to widely held views, trade can decrease GDP volatility through sectoral specialisation and country-wide diversification

Trade leads to improved industry performance and innovation, and a reduction in inefficiencies in developing countries