“Ask anyone you meet on the street whether political risk has risen in the last few years, and you’d likely get a convincing yes, ” a high official from Canada’s Export Development Center recently…

Laura Gómez-Mera, Gonzalo Varela |

One of the core principles of trade economics is that of “comparative advantage.” First described by David Ricardo, the theory says that countries are best off if they specialize in products that…

Siddhesh Kaushik, Julia Oliver |

When economists think about price shocks, they consider how a change in price will affect the supply and demand of a product. But when that product is human – i.e., a worker – interpreting the…

Elizabeth Ruppert Bulmer, Claire H. Hollweg |

Many countries use trade policy to protect their own consumers from spikes in international food prices. It turns out that this well-intentioned practice can actually do more harm than good.…

Will Martin, Kym Anderson |

A troubling phenomenon is occurring in large, emerging economies: the gates are closing. Governments, skittish about global economic trends, are introducing new policies to limit imports and…

Mariem Malouche, Julia Oliver |