THROWING SAND IN THE WHEELS: HOW FOREIGN TRADE DISTORTIONS SLOWED LDC EXPORT-LED GROWTH. By Simon Evenett and Johannes Fritz (June 2015). This new eBook argues that the world’s poorest countries were those most affected by the trade barriers and distortions that sprung up during the global economic crisis. The authors use data from Global Trade Alert in their analysis, finding that the barriers cut least developed country exports by 30 percent during the 2009-2013 period. To learn more, or to download the e-Book, please click here.
BUSINESS GROWTH AND REGULATIONS. By Raian Divanbeigi and Rita Ramalho for the World Bank Group (June 2015). This policy research working paper explores the impacts of business regulations on economic outcomes. The authors used data covering 10 years in over 180 countries to determine the link between business regulations and economic growth. Among other findings, the results found generally positive trends of growth in cases where there was an improvement by 10 points in overall measure of business regulations. To read the entire working paper, visit the World Bank’s website.
INTERNATIONAL POLICY COORDINATION FOR DEVELOPMENT: THE FORGOTTEN LEGACY OF BRETTON WOODS. By Eric Helleiner at the University of Waterloo for the UN Conference on Trade and Development (UNCTAD) (May 2015). This discussion paper reflects on the international financial policies developed at the Bretton Woods conference following World War II. Helleiner then discusses the application of those financial policies to today’s economic climate and contemporary financial debates, particularly in the wake of the 2008 global financial crisis. Read the entire discussion paper here.
OVERCOMING BARRIERS TO INTERNATIONAL INVESTMENT IN CLEAN ENERGY. Published by the Organisation for Economic Co-operation and Development (OECD) (June 2015). This report reviews policy restrictions to international investment in solar PV and wind energy, using this information to then evaluate the impact of such restrictions across value chains. To learn more, or to read the report in full, visit the OECD website.
IMPLEMENTATION OF THE WTO TRADE FACILITATION AGREEMENT: THE POTENTIAL IMPACT ON TRADE COSTS. Published by the Organisation for Economic Co-operation and Development (OECD) (June 2015). This new brief reviews the potential benefits from the implementation of the WTO’s Trade Facilitation Agreement (TFA), finding that it could help reduce worldwide trade costs by anywhere from 12.5 to 17.5 percent. The results were reached using the 2015 OECD Trade Facilitation Indicators (TFIs), which are designed to inform governments on potential measures to improve border procedures, slash trade costs, and increase trade flows, while also identifying areas for action. The brief can be read here.
THE ECONOMICS OF BIOFUEL POLICIES: IMPACTS ON PRICE VOLATILITY IN GRAIN AND OILSEED MARKETS. By Harry de Gorter, Dusan Drabik, and David R. Just. Published by Palgrave Macmillan (2015). This book, published as part of Palgrave’s Studies in Agricultural Economics and Food Policy, focuses on the role that biofuel policies have played in recent years on global grain and oilseed markets. The authors combine theory and empirical evidence to examine how such policies create links between crop and biofuel prices, focusing on the US, EU, and Brazil. To learn more, visit the Palgrave website.