When trade sanctions increase the target’s trade

Data show that trade sanctions reduce commerce between the countries imposing them and their targets. But this bilateral success can conceal a wider failure if

The impact of trade wars on firms in third countries

Bilateral trade shocks may reallocate demand and competition across countries, creating spillovers for firms in bystander countries. To study how firms respond to trade shocks

Accommodating emerging giants in the global economy

History provides many examples of large changes in the relative economic size of nations. This column examines the impact of rapid economic growth in emerging

Bilateral trade in services: A new research database

While trade debates focus on tariffs and goods, services have quietly defied deglobalisation and become an increasingly important driver of growth. Services trade not only