Article - Monday, April 26, 2010
Don’t be fooled by quick recovery, Mark Carney cautions
Bank of Canada chief Mark Carney warned against taking a faster-than-expected recovery to mean the financial crisis was less severe than advertised.
Article - Thursday, December 3, 2009
Is European Union on the decline?
The EU is the biggest market in the world, but its politics is all about divvying up the enormous amount of money on hand, rather than about anything else, "a supersize Switzerland," as Simon Hix of the London School of Economics put it.
Publication - Thursday, January 1, 2009
Sense and Nonsense About Deflation
This web exclusive policy brief explores the origins and consequences of deflation with a view to putting into proper perspective the relevant economic issues for an economy that experiences a bout of falling prices. Historical illustrations are also used to distinguish between sense and nonsense concerning the economics of deflation.
Publication - Friday, September 19, 2008
Building Intellectual Property Coalitions for Development
The adoption of a Development Agenda in the World Intellectual Property Organization (WIPO) in October 2007 provides developing countries with a rare and unprecedented opportunity to reshape the international intellectual property system in a way that would better advance their interests. This paper, released on the eve of the 2008 General Assembly of WIPO in Geneva on September 22-30, argues that developing countries can improve their influence in international negotiations around intellectual property by coordinating their efforts and building coalitions. Establishment of such Intellectual Property Coalitions for Development (IPC4D) could reduce the push by the European Community and the United States to ratchet up global intellectual property standards in the face of opposition from many developing countries. If successful, such efforts could enlarge the policy space that these countries need for the development of their intellectual property, trade and public health policies.
Publication - Sunday, June 1, 2008
Climate Change-Related Border Tax Adjustments
This paper discusses emerging proposals for border tax adjustments (BTAs) to accompany commitments to reduce carbon emissions in the European Union, the United States and other OECD economies. The rationale offered for such border adjustments is that various entities, such as the EU, if making commitments to reduce emissions that go beyond those undertaken in other regions of the world, impose added costs on domestic producers which create a competitive disadvantage for them
Publication - Saturday, September 29, 2007
Pursuing Geopolitical Stability through Interregional Trade: The EU's Motives for Negotiating with the Gulf Cooperation Council
The European Union's (EU) drawn-out trade negotiations with the Gulf Cooperation Council (GCC) could result in the first region-to-region free trade agreement. The EU's motives for advancing interregional negotiations with the GCC have not been primarily focused on creating trade, which is argued to be relatively limited for the EU. Instead, the EU's motives for continuing negotiations with the GCC are explained by the EU's geopolitical and ideational interests and to a lesser extent by interest group influences. We do not find, however, strong evidence of EU bureaucratic motives to negotiate with the GCC. Based on these findings, this paper suggests that the recent reawakening of EU-GCC negotiations can be explained by the relative increase in the geopolitical importance of the Gulf.
Publication - Sunday, July 15, 2007
The Global Environment around Future European Integration
CIGI Distinguished Fellow John Whalley, Venice International Universty (CESinfo)
Publication - Thursday, April 19, 2007
EU Commercial Policy in a Multipolar Trading System
In recent years, the bipolar multilateral trading system of the post-war years has given way to a multipolar alternative. Although many specifics have yet to be determined, some contours of this new trade policy landscape are coming into focus and in this short paper I examine their implications for the European Union's external commercial policy. Particular attention is given to both the state of business-government relations and the propensity to liberalize under the auspices of reciprocal trade agreements by Brazil, India and China - the potential new poles of the world trading system. I consider the likely consequences of these developments, plus factors internal to both the European Union and the United States, for the possible content of future multilateral trade initiatives.
Publication - Monday, September 18, 2006
Recent Regional Agreements: Why so many, so fast, so different and where are they headed?
Recent years have witnessed a sharp increase in the number of regional trade agreements (RTAs) both concluded and under negotiation. This paper attempts to document and discuss this growth, focusing on the United States (US), the European Union (EU), China, India and the agreements of other countries. The form, coverage and content of these agreements vary considerably from case to case. This paper poses the following questions: why so many, why the variation, and why the recent increase in RTAs? Implications for the trading system are discussed in the final section.


