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Monthly Report No. 1/2019

Author

Listed:
  • Richard Grieveson

    (The Vienna Institute for International Economic Studies, wiiw)

  • Julia Grübler
  • Peter Havlik
  • Roman Stöllinger

    (The Vienna Institute for International Economic Studies, wiiw)

Abstract
Chart of the month The euro turns 20 by Richard Grieveson Opinion corner Chinese foreign investment A dangerous obsession or a new normal? by Peter Havlik How the EU has been shaping the world trade order by Julia Grübler The world trading system based on rules laid out by the World Trade Organisation (WTO) is under acute threat by the United States blocking the reappointment of appeals judges and the standstill in the Doha Round negotiations. Reasons include the increasing number, heterogeneity and economic power of developing countries engaging in international trade and in multilateral trade negotiations. This article reviews the EU’s trade relations with developing countries from the early steps until today. Wanted EU free trade agreements that fit the optimal degree of trade integration by Roman Stöllinger Free trade is generally seen as an instrument to foster efficiency and growth and few would doubt that the European economic integration was and is a big success story. Therefore, the EU started negotiating numerous free trade agreements with extra-European partners, particularly in Asia, once it was clear that no further progress in the WTO arena would be achieved any time soon. Until recently, little attention was paid to the fact that the liberalisation drive would also entail ‘pains from trade’ which tend to grow with the heterogeneity of the involved partners. This article therefore argues in favour of ‘an optimal degree’ of trade liberalisation. Monthly and quarterly statistics for Central, East and Southeast Europe

Suggested Citation

  • Richard Grieveson & Julia Grübler & Peter Havlik & Roman Stöllinger, 2019. "Monthly Report No. 1/2019," wiiw Monthly Reports 2019-01, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:mpaper:mr:2019-01
    as

    Download full text from publisher

    File URL: https://wiiw.ac.at/monthly-report-no-1-2019-dlp-4793.pdf
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    References listed on IDEAS

    as
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    2. repec:wsr:ecbook:2018:i:vii-001 is not listed on IDEAS
    3. Gabriel Felbermayr & Fukunari Kimura & Toshihiro Okubo & Marina Steininger & Erdal Yalcin, 2017. "On the economics of an EU-Japan Free Trade Agreement," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 86, September.
    4. Dani Rodrik, 2000. "How Far Will International Economic Integration Go?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 177-186, Winter.
    5. Julia Grübler & Oliver Reiter & Robert Stehrer, 2018. "The EU-Japan Economic Partnership Agreement and its Relevance for the Austrian Economy," wiiw Research Reports 434, The Vienna Institute for International Economic Studies, wiiw.
    Full references (including those not matched with items on IDEAS)

    Citations

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    5. Dubravko Mihaljek, 2018. "Convergence in Central and Eastern Europe: Can All Get to EU Average?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(2), pages 217-229, June.

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