scholarly journals Post-Brexit Power of European Union From the World Trade Network Analysis

2021 ◽  
pp. 39-47
Author(s):  
Justin Loye ◽  
Katia Jaffrès-Runser ◽  
Dima L. Shepelyansky
Keyword(s):  
European Union ◽  
World Trade ◽  
Dominant Role ◽  
Matrix Analysis ◽  
The European Union ◽  
Trade Network ◽  
Google Matrix ◽  
The World ◽  
Leading Position

We develop the Google matrix analysis of the multiproduct world trade network obtained from the UN COMTRADE database in recent years. The comparison is done between this new approach and the usual Import-Export description of this world trade network. The Google matrix analysis takes into account the multiplicity of trade transactions thus highlighting in a better way the world influence of specific countries and products. It shows that after Brexit, the European Union of 27 countries has the leading position in the world trade network ranking, being ahead of USA and China. Our approach determines also a sensitivity of trade country balance to specific products showing the dominant role of machinery and mineral fuels in multiproduct exchanges. It also underlines the growing influence of Asian countries.

scholarly journals World impact of kernel European Union 9 countries from Google matrix analysis of the world trade network

2021 ◽  
Vol 6 (1) ◽  
Author(s):  
Justin Loye ◽  
Leonardo Ermann ◽  
Dima L. Shepelyansky
Keyword(s):  
European Union ◽  
Network Analysis ◽  
United Nations ◽  
World Trade ◽  
Matrix Analysis ◽  
Recent Proposal ◽  
Trade Network ◽  
Google Matrix ◽  
The World ◽  
The United Nations

AbstractWe use the United Nations COMTRADE database for analysis of the multiproduct world trade network. With this data, considered for years 2012–2018, we determined the world trade impact of the Kernel of EU 9 countries (KEU9), being Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Spain, considered as one united country. We apply the advanced Google matrix analysis for investigation of the influence of KEU9 and show that KEU9 takes the top trade network rank positions thus becoming the main player of the world trade being ahead of USA and China. Our network analysis provides additional mathematical grounds in favor of the recent proposal (Saint-Etienne in: Osons l’Europe des Nations. Editions de l’Observatoire/Humensis, Paris, 2018) of KEU9 super-union which is based only on historical, political and economy basis.

scholarly journals Crisis contagion in the world trade network

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Célestin Coquidé ◽  
José Lages ◽  
Dima L. Shepelyansky
Keyword(s):  
World Trade ◽  
Trade Balance ◽  
Matrix Analysis ◽  
Western World ◽  
Asian Countries ◽  
Trade Network ◽  
Global Crisis ◽  
Google Matrix ◽  
The World ◽  
Contagion Process

Abstract We present a model of worldwide crisis contagion based on the Google matrix analysis of the world trade network obtained from the UN Comtrade database. The fraction of bankrupted countries exhibits an on-off phase transition governed by a bankruptcy threshold κ related to the trade balance of the countries. For κ>κc, the contagion is circumscribed to less than 10% of the countries, whereas, for κ<κc, the crisis is global with about 90% of the countries going to bankruptcy. We measure the total cost of the crisis during the contagion process. In addition to providing contagion scenarios, our model allows to probe the structural trading dependencies between countries. For different networks extracted from the world trade exchanges of the last two decades, the global crisis comes from the Western world. In particular, the source of the global crisis is systematically the Old Continent and The Americas (mainly US and Mexico). Besides the economy of Australia, those of Asian countries, such as China, India, Indonesia, Malaysia and Thailand, are the last to fall during the contagion. Also, the four BRIC are among the most robust countries to the world trade crisis.

Lawful Remedy or Illegal Response? Resolving the Issue of Foreign Subsidization Under WTO Law

2021 ◽  
pp. 1-24
Author(s):  
Victor Crochet ◽  
Marcus Gustafsson
Keyword(s):  
European Union ◽  
World Trade Organization ◽  
World Trade ◽  
The European Union ◽  
Fair Competition ◽  
Trade Law ◽  
International Trade Law ◽  
The World ◽  
Shed Light ◽  
Do So

Abstract Discontentment is growing such that governments, and notably that of China, are increasingly providing subsidies to companies outside their jurisdiction, ‘buying their way’ into other countries’ markets and undermining fair competition therein as they do so. In response, the European Union recently published a proposal to tackle such foreign subsidization in its own market. This article asks whether foreign subsidies can instead be addressed under the existing rules of the World Trade Organization, and, if not, whether those rules allow States to take matters into their own hands and act unilaterally. The authors shed light on these issues and provide preliminary guidance on how to design a response to foreign subsidization which is consistent with international trade law.

scholarly journals World trade and regional trade orientation in the context of forthcoming transatlantic trade and investment partnership

Equilibrium ◽  
2015 ◽  
Vol 10 (3) ◽  
pp. 105 ◽  
Author(s):  
Elżbieta Czarny ◽  
Paweł Folfas
Keyword(s):  
World Trade ◽  
World Economy ◽  
Dominant Role ◽  
The United States ◽  
The European Union ◽  
Regional Trade ◽  
The World ◽  
Trade And Investment ◽  
The U.S ◽  
The Eu

We analyse potential consequences of the forthcoming Trade and Investment Partnership between the European Union and the United States (TTIP) for trade orientation of both partners. We do it so with along with the short analysis of the characteristics of the third wave of regionalism and the TTIP position in this process as well as the dominant role of the EU and the U.S. in the world economy – especially – in the world trade. Next, we study trade orientation of the hypothetical region created in result of TTIP. We use regional trade introversion index (RTII) to analyze trade between the EU and the U.S. that has taken place until now to get familiar with the potential changes caused by liberalization of trade between both partners. We analyze RTII for mutual trade of the EU and the U.S. Then, we apply disaggregated data to analyze and compare selected partial RTII (e.g. for trade in final and intermediate goods as well as goods produced in the main sectors of economy like agriculture or manufacturing). The analysis of the TTIP region’s orientation of trade based on the historical data from the period 1999-2012 revealed several conclusions. Nowadays, the trade between the EU and the U.S. is constrained by the protection applied by both partners. Trade liberalization constituting one necessary part of TTIP will surely help to intensify this trade. The factor of special concern is trade of agricultural products which is most constrained and will hardly be fully liberalized even within a framework of TTIP. Simultaneously, both parties are even now trading relatively intensively with intermediaries, which are often less protected than the average of the economy for the sake of development of final goods’ production. The manufactured goods are traded relatively often as well, mainly in consequence of their poor protection after many successful liberalization steps in the framework of GATT/WTO. Consequently, we point out that in many respects the TTIP will be important not only for its participants, but for the whole world economy as well. TTIP appears to be an economic and political project with serious consequences for the world economy and politics.

Sustainable Agriculture The United States versus the European Union

2010 ◽  
Vol 1 (4) ◽  
pp. 26-31 ◽  
Author(s):  
Carson H. Varner ◽  
Katrin C. Varner
Keyword(s):  
United States ◽  
European Union ◽  
Genetically Modified Crops ◽  
The United States ◽  
World Population ◽  
The European Union ◽  
Sustainability Issue ◽  
The World ◽  
Two Sides

This paper examines developing issues and attitudes that unite and divide the United States and the European Union as the discussion and regulation of agriculture evolves. While some terms, such as “organic,” are defined in law in both the United States and European Union, the increasingly used “sustainability” is an evolving concept. The main sustainability issue is how to provide food and fiber for a rapidly growing world population. In this context, the role of biotechnology is questioned. Americans tend to favor what are sometimes called genetically modified crops, while Europeans remain cautious. Europeans lean more toward organic farming, while Americans assert that much of the world will starve if organic methods are required. This paper reviews the directions that the discussion of these issues is taking and will show areas of agreement and where the two sides diverge.

scholarly journals The WTO, Self-Determination, and Multi-Jurisdictional Sovereignty

AJIL Unbound ◽  
2014 ◽  
Vol 108 ◽  
pp. 287-294
Author(s):  
Michael Fakhri
Keyword(s):  
European Union ◽  
World Trade ◽  
Indigenous Communities ◽  
Self Determination ◽  
The European Union ◽  
Most Favored Nation ◽  
Appellate Body ◽  
The World ◽  
Wto Appellate Body ◽  
The Eu

In EC—Seal Products, the World Trade Organization (WTO) Appellate Body (AB) held that the European Union (EU) Seal Regime banning the importation of seal products could be justified under General Agreement on Tariffs and Trade (GATT) Article XX(a) as a measure necessary toprotect public morals. It also held that the indigenous communities (IC) exception under the EU Seal Regime is inconsistent with GATT Article I:1 (Most-Favored Nation) because it discriminated against commercial fishers in Canada and Norway and was applied in a manner that favored the mostly Inuit seal hunters of Greenland, and thus ran afoul of Article XX’s chapeau. Since the entire EU Seal Regime is not likely to be done away with, the most important question for Inuit communities is: how will the EU change the discriminatory aspects of the Seal Regime and IC exception? The EU faces an October deadlineto pass its new legislation and this remains a very live issue.

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