This paper shows that free trade reduces the welfare of a small country with unemployment unless the free trade price if the importable falls below the autarky equivalent price. A decline in the price of the importable from the autarky level not only improves the terms of trade but also reduces employment and production in the importable sector. A numerical example illustrates that the autarky ...

Abstract On 6 December 2006, Australia and Korea announced a joint study on a possible Australia-Korea free trade agreement (AKFTA) to promote trade and economic relations between the two countries. The paper provides empirical evidence on the possible gains and their transmission mechanism from this agreement. Significantly, it uses a new economic policy modelling approach, the endogenous grav...

Abstract The European Union (EU) often conditions preferential access to its market on compliance with Non-Trade Policy Objectives (NTPOs), including human rights and labor environmental standards. In this paper, we first systematically document the coverage of NTPOs across main tools EU trade policy: (association non-association) agreements Generalized System Preferences (GSP) programs. We the...

Despite intergovernmental calls for greater policy coherence to tackle rising non-communicable diseases (NCDs), there has been a striking lack of coherence internationally and nationally between trade and health sectors. In this commentary, I explore the arguments by Lenucha and Thow in relation to barriers for greater coherence for NCDs, apply them to regional trade ag...

This paper aims to identify key challenges facing Iran and South Korea in their bilateral trade and investment relations. In particular, it is concerned with the policy implications which can be useful for policy makers and business people of both countries. For this purpose, we review and analyze the recent developments of the Iranian economy and bilateral trade and investment relations betwee...

As society is transformed by the usc of new technologies, information policy issues cross traditional boundaries to be found in a wide range of decision-making arenas. The New World Information Order (NWIO) debate lies relatively quiescent in Unesco, but surfaces in international trade negotiations in response to the US push to get trade in services, or international information flows, included...

The external trade policy of the EU impinges on nearly one fifth of world trade. Hence, an understanding of the principles and practice of the Union's trade policy, the Common Commercial Policy (CCP), is of vital importance to any student of the global trade environment. Ongoing research on the CCP has addressed both broad themes and detailed aspects of the Union's trade policy provides insight...

Prospective studies of the potential health consequences of trade and investment treaties, such as the Trans-Pacific Partnership, are critical. These studies can make visible to trade policy-makers the potential negative impacts associated to such treaties and can influence the outcomes of such negotiations. However, few researchers have examined retrospectively the consequences of trade agreem...