At the Ninth WTO Ministerial Conference held in Bali on December 2013, all WTO members reached an agreement on trade facilitation and a compromise on food security issues, a contentious topic…

Bill Gain, Ankur Huria, Kaori Niina |

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 |

Diversification of a country’s exports – increasing both the number of products it produces and the destinations of those products – is considered part of the path to development. Many economists…

Gonzalo Varela, Julia Oliver |