The Impact of TRIPS and Compulsory Licensing on Developing Country Markets

By Eric Bond (Vanderbilt University) and Kamal Saggi (Vanderbilt University)

The Trade-Related Intellectual Property Rights (TRIPS) agreement of the World Trade Organization (WTO) requires that all WTO members provide a minimum level of patent protection for all types of intellectual property.… read more ...

Financial Constraints, Institutions and Foreign Ownership

Ron Alquist, (AQR Capital Management), Nicolas Berman (Aix-Marseille University), Rahul Muhkerjee (Graduate Institute, Geneva), and Linda L. Tesar (University of Michigan)

Cross border mergers and acquisitions (CBMA) as a form of foreign direct investment (FDI) by multinational corporations (MNCs) have grown rapidly in the last two decades.… read more ...

The WTO and Economic Development

Ben Zissimos (University of Exeter Business School)

My new edited volume tilted The WTO and Economic Development, brings together a collection of perspectives on different aspects of the purpose and institutional design of the World Trade Organization (WTO), and how these relate to economic development.… read more ...

(When) Do Anti-poverty Programs Reduce Violence? India’s Rural Employment Guarantee and Maoist Conflict

Aditya Dasgupta (University of California, Merced), Kishore Gawande (University of Texas, Austin), and Devesh Kapur (Johns Hopkins University – SAIS)

More than half of all nations have experienced a violent civil conflict since 1960.… read more ...

Heterogeneous Effects of Economic Integration Agreements

By Scott L. Baier (Clemson University), Jeffrey H. Bergstrand (University of Notre Dame), and Matthew W. Clance (University of Pretoria)

It is now widely accepted that economic integration agreements (EIAs) and other trade-policy liberalizations contribute to nations’ economic growth and development.… read more ...

Special Issue “New Institutional Economics”

Special Issue Information

Dear Colleagues,

It has been twenty years since Ronald Coase claimed, in the proceedings of the Annual Meeting of the American Economic Association, that “When the majority of economists have changed, mainstream economists will acknowledge the importance of examining the economic system in the way [of new institutional economics] and will claim that they knew it all along.” Twenty years later, new institutional economics has nearly become a household name among “mainstream economists” and enriched economics by taking the institutional context of economic transactions into account.

read more ...

Export Competitiveness of Developing Countries and US Trade Policy

By Shushanik Hakobyan[1] (International Monetary Fund)

With rising US trade protectionism against its major trading partners, the Generalized System of Preferences or GSP, a long-running scheme of tariff exemptions meant to aid exporters in developing countries, may get less attention.… read more ...