This paper employs the WITS-SMART simulation model to examine the welfare effects of economic integration in the TFTA region. The results indicate that welfare gains are skewed, and some countries and economic sectors are poised to gain more than…
The controversy whether the “fear of floating” or the “fear of capital mobility” determines a country’s foreign reserve holdings is an ongoing research debate. This issue remains unresolved in global economic and finance studies. This study has the…
Effective risk management is a prerequisite to find an acceptable balance between the objectives of a customs operation and the streamlined flow of goods. The customs operations in many developing countries are characterised by high levels of…
In contemporary conditions of transformation of the world economic system and exacerbation of relations between the States, a problem of Russia’s foreign economic policy development does emerge. The geopolitical situation is becoming one of the key…
In the book, the regulation of international economic relations is examined on the basis of an interdisciplinary approach, i.e. not only from legal, but also political and economic perspectives. The book explores the basic principles of…
Trade facilitation is one of the key trends in the international trading system development. Respective World Trade Organization (WTO) agreement – Trade Facilitation Agreement (TFA) is one of really few tangible achievements during Doha round of…
A descriptive analysis of foreign trade statistics of developing countries shows that among the customs unions (CU) member states, the majority are primarily exporters of commodities (their share in exports is above 50%), while countries whose…
Studying trends and peculiarities of Japanese Economic partnership agreements and FTAs shows that they tend to become more complicated by scope and details. However, their utilization rate remains insufficient: less than 40 [percent. The transfer to…
For a long time Russia earned hard currency by selling oil and gas to Europe and spent a large part of it, buying Chinese consumer and investment products. The politically motivated "Turn to the East" moves slowly and so far has not…
The author compares two types of regional trade agreements (RTA) in Latin America. First (historically) - based on Balassa scheme and leading to the customs unions, and second, going in line with open regionalism. He tests the correlation of the…