Tariff Shocks: The Role of Value Chains in Europe
By Raju Huidrom, Carlos Mulas-Granados, Laura Papi, and Emil Stavrev
The Czech Republic exports only a small number of cars and car parts directly to the United States, but it’s likely to suffer significant economic damage if that country were to impose tariffs on auto imports. […]
Chart of The WeekExpanding Trade Across The Maghreb
By Ramzy Al Amine, Jean-François Dauphin, and Alexei Kireyev
In 1989, the five Maghreb countries—Algeria, Libya, Mauritania, Morocco and Tunisia—established the Arab Maghreb Union to promote cooperation and economic integration. Thirty years later, there is still a largely untapped potential for regional trade among Maghreb countries. […]
Economic Forces, Not Tariffs, Drive Changes in Trade Balances
By Johannes Eugster, Florence Jaumotte, Margaux MacDonald, and Roberto Piazza
عربي, 中文, Español, Français, 日本語, Português, Русский
New IMF research finds that macroeconomic factors, not tariffs, explain most of the changes in trade balances between two countries. […]
Services Exports Open a New Path to Prosperity
By Prakash Loungani, Chris Papageorgiou, and Ke Wang
Versions in 中文 (Chinese), Français (French), 日本語 (Japanese), and Русский (Russian)
Services, which already account for 50 percent of world income and 70 percent of employment, are also becoming an important part of international trade. Services exports—accounting for nearly one fourth of total exports—have come to play a central role in the global economy, thanks in large part to advances in technology. […]