The U.S. strategy of engagement with China was based on the premise that, if the United States incorporated China into the ...

Recent decades have seen rapid growth of the world economy. This growth has been driven in part by the even faster rise in international trade. The growth in trade is in turn the result of both ...

The economic reforms introduced in November 1977 were a sharp break from the previous economic regime. The new policies transformed a closed, tightly-controlled inward looking economy pursued from ...

Pakistan and the IMF have agreed to a significant tariff reduction plan, cutting the weighted average applied tariffs from 10.6% to around 6% over five years. This plan aims to lower protectionism, ...

While trade liberalisation is touted as a pathway to greater economic growth through expanded markets and competition, the flip side reveals a critical tension between free trade and protectionism.

Capital account liberalization may have substantial benefits, but recent experience also underscores its risks. How should liberalization be sequenced and managed to ensure that the benefits dominate?

President Donald Trump's sweeping tariffs on imports have incited fears of price hikes and global economic disruption. This ...

The term "shock therapy" refers to a set of radical economic reforms aimed at rapid economic stabilization, liberalization, privatization and the opening of the economy to international trade.

Published annually by the Heritage Institute, the Index of Economic Freedom assesses countries’ performance in market openness and economic liberalization. The 2025 edition, covering the period ...

Former President John F. Kennedy believed that free trade and economic development could help create world peace and security. As a strong proponent of international trade liberalization, he ...

Finance minister says high-level meetings in Brussels covered trade, energy, transport, politics, Customs Union, visa ...