Publications des institutions partenaires

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The rise of G20 emerging economies

The dynamism of emerging economies in recent years has sparked an impressive shift in economic power and in growth expectations from West to East and from North to South. The rise of new players has made the increasingly integrated and multipolar world even more complex. It has also posed many questions in regard to the existing model of global governance, including the WTO Dispute...

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/ 10/05/2019

Financial constraints, institutions, and foreign ownership

We develop a model of cross-border acquisitions in which the foreign acquirer's ownership choice reflects a trade-off between easing the target's credit constraints and the costs of operating in an environment with weak institutions. Data on domestic and foreign acquisitions in emerging markets over the period 1990–2007 support the model predictions. The share of full foreign...

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English / 30/04/2019

Coming out in America: AIDS, politics, and cultural change

The last few decades witnessed a dramatic change in public opinion towards gay people. This paper uses a difference-in-difference empirical strategy to investigate the hypothesis that the AIDS epidemic and the ensuing endogenous political process led to this transformation. We show that the process of change was discontinuous over time and show suggestive evidence that the '92...

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English / 15/04/2019

The Hausmann–Gorky Effect

On May 26, 2017, Harvard economist Ricardo Hausmann published an Op Ed titled "Hunger Bonds", urging investors to avoid Venezuelan sovereign bonds on the grounds that the country was prioritizing payments on the bonds over remedying a humanitarian crisis. Contemporaneously, news emerged regarding a suspicious looking bond issue by Venezuela's oil company that was purchased largely by...

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English / 22/03/2019

How preferential is world trade?

We calculate how much of world trade is preferential, and at which margin. We are using a detailed dataset based on tariff-line import and tariff data of the 20 largest importers, covering almost 90% of world imports in 2008. We show that while around 50% of world trade is between countries that apply preferences to each other and could therefore be considered “preferential”, only 16...

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/ 22/03/2019

Embracing free trade agreements, Korean style: from developmental mercantilism to developmental liberalism

This study analyzes how and to what extent South Korea has embedded developmental liberalism into its FTA initiative, departing from its traditional focus on developmental mercantilism. In the wake of the global economic crisis of 2008-10 and the subsequent expansion of government interventionism across the world, the developmental state model has attracted renewed scholarly...

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/ 22/03/2019

Design by diffusion: the level of legalism in dispute settlement mechanisms in preferential trade agreements

How do states design dispute settlement mechanisms in preferential trade agreements? And why do they choose the design features they eventually decide upon? This study proposes to test established theories of institutional design with a new dataset, and explores the possibility of an alternative explanation: institutionalist theory considers acts of design to be unique and...

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/ 22/03/2019

Soft vs hard governance for labour and environmental commitments in trade agreements: comparing the US and EU approaches

Three methodologies are used to enforce labour and environmental commitments in the US and EU trade agreements: cooperative, sanctions and composite. In-depth analysis of the scope of commitments, level of protection, institutional framework as well as types of informal and formal dispute processes elucidates the pros and cons of such methodologies. Sanctions approach weakens...

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/ 19/03/2019

Gender-inclusive governance for e-commerce

United Nations' 2030 Sustainable Development Goals' SDG 5 places gender equality front and centre for sustainable development. The Joint Declaration on Trade and Women's Economic Empowerment on the Occasion of the WTO Ministerial Conference in Buenos Aires in December 2017 brings gender equality to the forefront of trade policy. In the intersection of trade policy and digital...

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/ 17/01/2019

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