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When the State Becomes the Only Buyer: Monopsony in China’s Public Procurement of Medical Technology
China’s centralised state procurement policies are moving the Chinese market of medical technologies in a monopsonistic direction. A monopsony...
Prosperity and Resilience: Diverse Production and Comparative Advantage in Modern Economies
A common version of trade theory suggests that countries will specialise in a limited number of products. Using the example of David Ricardo from...
China’s Public Procurement Protectionism and Europe’s Response: The Case of Medical Technology
This paper concerns China’s market for medical technologies and how the Chinese state is assisting its own companies to gain greater sales at the...
Services Trade Needs to be Taken as Seriously as Goods Trade
Services constitute at least a quarter of total trade. Between 2009 and 2019 global services trade increased by nearly 50%, compared to 18% for goods...
Free Trade Agreements Have Limited Impact (Because Manufactured Goods are a Perfect Market)
Free Trade Agreements between two or more countries or parties have been the centrepiece of international trade policy since the formation of the...
No, China Does Not Make Everything!
China is now the world’s leading manufacturer, with goods exports rising from $63 billion in 1990 to $2.5 trillion in 2018. The popular assumption...