International Economics

Chinese automotive manufacturers gain a competitive edge through laxer rules governing personal data protection and intellectual property. Oscar Borgogno and Giovanni Veronese argue that ensuring effective compliance with European law could help European manufacturers re-establish a level playing field while upholding EU constitutional values.

In new research, Yoan Hermstrüwer and David Imhof analyze how AI can help antitrust authorities predict cartels by assessing international bidding data in countries with similar legal and market structures.

In new research, Janka Deli analyzes the relationship between the decline in the rule of law and trade. Contrary to democratic and developmental theory, she finds that declines in the rule of law, as seen in Hungary, Poland, and Czechia, do not lead to systematic reductions in trade with other EU partners.  

In new research, Daniel Lobo and Ryan Brutger theorize that American concepts of fairness are shaped by race and lived experiences. In a national survey experiment, they confirm that white and Black Americans view differently what constitutes “fair” trade policy.

The following is an excerpt from “The Doom Loop: Why the World Economic Order Is Spiraling into Disorder" by Eswar Prasad," now out at Hachette Book Group.

Recent border carbon measures have relied on the theory that stricter environmental rules in rich countries push pollution-intensive production toward developing economies with weaker regulations. In new research, Irfan Saleem and Giray Gozgor show that the “pollution haven” mechanism is neither automatic nor uniform across industries. Evidence is mixed, often small in magnitude, and highly sensitive to how we measure regulation, model trade, and account for industry mobility.

The European Union can pursue financial sovereignty through the digital euro, but sovereignty over money doesn't mean sovereignty over the markets that form around it, writes Jeff Alvares.

Matt Lucky reviews Dani Rodrik’s new book, “Shared Prosperity in a Fractured World: A New Economics for the Middle Class, the Global Poor, and Our Climate”

In new research, Pinelopi Goldberg and Michele Ruta analyze how today’s structural, policy, and geopolitical trade conditions are no longer conducive to the trade-led growth miracles many developing countries experienced in the past.

In two new research papers, Ryan Brutger and Amy Pond explore how different messaging about the effects of  antitrust enforcement sway American public opinion toward and away from stronger enforcement.