Economics for a globalised world

Freeing up trade in goods and services has been a potent force for economic growth and development over the last few decades.

Modelling the impact on nickel exporters of changes to EU chemicals classifications

We quantified the impacts of the proposed change on 10 APEC economies by using general equilibrium modelling augmented by a specific model of the nickel value chain. Our results showed potentially substantial impacts on the nickel value chain in the 10 economies, but suggested that the economy-wide impacts were not disproportionate compared to expected benefits.

The nature of trade is changing: from exchanging finished goods, nations are increasingly trading in specialist tasks in supply chains that span continents. This has made economies even more interconnected, and has expanded the range of issues with which policymakers and businesses need to engage. Border measures such as tariffs are no longer the sole or even primary focus of trade negotiators. Increasingly, what matters are issues like intellectual property protection or how to reconcile domestic regulation with concerns about avoiding unnecessary barriers to trade.

The impact on non-tariff and regulatory measures applied by Japan. We identified the main non-tariff measures affecting motor vehicles and regulatory measures affecting financial services, and assessed their impacts on UK businesses operating in these sectors. We then assessed to what extent these barriers could be addressed in the context of on-going free trade negotiations between the EU and Japan.

We have advised on trade policy reform, trade litigation, trade policy modelling and trade negotiation strategies. We are able to support our trade work by drawing on a rich hinterland of skills and experience that spans infrastructure reform, technology and innovation, competition policy, and regulation. Our experience in econometrics and statistics ensures rigorous methodologies and robust results.

The cost of continued conflict in South Sudan Renewed conflict in South Sudan severely affects the development prospects of this country but also has significant, and often under-reported, economic costs for the wider region primarily reflecting disruptions to trade and investment flows. Our modelling of these regional effects revealed that a rapid resolution of the conflict – within a year rather than in 5 years - could enable the countries concerned to save around $53billion.

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