In the ICP, foreign trade sector is traditionally incorporated using simple exchange rates. However, there has been a rich literature on incorporating terms-of-trade gains and losses due to the export ...

In terms of international trade, since the 1980s, Donald Trump has viewed the USA as a victim of economic globalization, ...

In large part, the economic recovery can be attributed to improved macroeconomic and structural policies rather than to favorable external developments, such as terms of trade gains. Indeed, these ...