A World Trade Leading Index (WTLI)

The World Trade Organisation

The World Trade Organisation (WTO) which became operational on 1 January 1995 is the successor to the General Agreement on Tariffs and Trade (GATT). The WTO provides the legal framework for world trade, and it has been given extensive regulatory and supervisory powers. Whereas the GATT was solely concerned with trade liberalization based on tariff concessions, the WTO’s approach embraces discus...

Financing World Trade

The international financial system has grown and evolved immensely over the past two decades. In the late 1950's the Eurocurrency market was only beginning to emerge, for all practical purposes there was no Eurobond market, and extensions of commercial credits were limited to the old commercial banking function of short term trade financing. All of that has changed. Total deposits in the Eurodo...

Development of International Trade in Health Services in the Legal System of World Trade Organization

The World Trade Organization, as one of the youngest international organizations following its 50th activity of predecessor means the General Agreement on Tariffs and Trade in the Multilateral Trade System, through the establishment of a General Agreement on Trade in Services, regulated the domain of International Trade in services and by designating Integrated legal framework for the advanceme...

Trade and Development Index

Trade Liberalization in a Globalizing World

Trade Liberalization in a Globalizing World Globalization is not only about the rise of trade, FDI, and migration. It is also about the changing linkages among these flows. The main findings of the paper can be summarized as follows. First, at least in the nineties, import trade liberalization fostered not only trade but also inward investment, confirming that trade and FDI toward developing co...