The world economy is still reeling from the COVID-19 shock and the subsequent restrictions to social and economic activity. While in the developed world governments have been able to mobilize a massive arsenal of monetary and fiscal measures to prop up their economies, estimated at between 20 and 25 percent of their GDP, the poorest […]
Free trade agreements (FTAs) are often signed by the developing countries in the hope of increasing their market access, improving their balance of trade (BOT) and reviving their economic growth by generating additional output and employment in their countries. However, if FTAs worsen the BOT or net exports, they can adversely impact Gross Domestic Product […]
By Rachel Thrasher The World Trade Organization (WTO) has delayed (again) the appointment of the WTO’s Director-General, on the heels of the US presidential election outcome. Up to this point, the Trump Administration had blocked an otherwise consensus-based appointment of Nigeria’s Ngozi Okonjo-Iweala, and the WTO may be awaiting the more conciliatory approach expected by […]