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The New Globalisation: SMEs and International Trade – The Supply Chain is as Important as Direct Exports
The disproportionately small share of exports from Small and Medium Enterprises (SMEs) is a cause of concern in modern trade policy. For developed...
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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...
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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...
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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...
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Regulating the Globalisation of Data: Which Model Works Best?
Novel flows that define the future of globalisation require new regulatory approaches, which are likely to differ between countries. So too for...
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What is Wrong with the German Economy? The Case for Openness to Technology and Human Capital
Advanced economies like Germany need to focus more on attracting foreign high-skilled labour and become better at importing foreign technology and...
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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...
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Digital Futures for Europe
By Meelis Kitsing, Professor and Rector, Estonian Business School. There isn’t one model for success in the digital future; there are...
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Covid-19 and the Danger of Self-sufficiency: How Europe’s Pandemic Resilience was Helped by an Open Economy
During the Covid-19 pandemic, Europe has benefitted strongly from being an open economy that can access goods and services from other parts of the...
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Global Trade Today is Global Value Chains
In the last 25 years global value chains have come to dominate global trade in a way surprisingly little discussed or understood. To meet the policy...
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