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Articles by L Alan Winters
UK's tilt to Asia no panacea for flagging post-Brexit trade
Despite initiating the largest change in trade policy in 50 years — leaving the European Union — the UK government still has no trade strategy. The United Kingdom’s development since the 18th century has relied heavily on its global trade links and its instincts are still fairly open. One might have expected a leadership competition in the Conservative Party would offer some clarity.
United Kingdom’s tilt to Asia no panacea for ailing British trade
Author: L Alan Winters, University of Sussex Despite initiating the largest change in trade policy in 50 years — leaving the European Union — the UK government still has no trade strategy. The United Kingdom’s development since the 18th century has relied heavily on its global trade links and its instincts are still fairly open. One might have expected a leadership competition in the Conservative Party would offer some clarity.
The problems of digital trade
An increasing amount of trade is digital, but trade negotiations are bogged down by arguments over how to regulate it. A new CEPR eBook investigates what gets in the way of digital trade, and editors Ingo Borchert and Alan Winters tell Tim Phillips what we can do to make it work better. You can download the eBook, free of charge, here
Addressing impediments to digital trade: A new eBook
In a world in which the Covid-19 pandemic has severely affected conventional trade and economic activity, digital trade and digitally enabled services can be a source of future growth and prosperity. Yet, these new opportunities come with unique challenges for trade policymaking, not least because digital trade is inseparable from a data governance framework.
Addressing Impediments to Digital Trade
Ingo Borchert, L Alan Winters 27 April 2021 Digital trade and digitally enabled services hold the promise of much-needed future growth and prosperity, but also pose unique challenges for trade policymaking. This eBook presents the proceedings from a conference organised by the UK Department for Digital, Culture, Media and Sport and the UK Trade Policy Observatory, hosted by CEPR, to discuss new directions for digital trade policy.
A trade bargain to secure supplies of medical goods
The world trading system has faced policy disruptions as nations have scrambled to find the necessary medical supplies to deal with the Covid-19 pandemic. This column suggests that in return for importing governments agreeing to keep their import restrictions at their current low levels, exporting governments agree to qualify the extent to which they can restrict shipments abroad.
Johnson's Brexit proposal is riddled with problems
Thursday, 3 October 2019 9:03 AM By L Alan Winters At last, a chink of clarity. Yesterday's proposal for the treatment of the Irish economy admits, more or less for the first time officially, that there are trade-offs to Brexit. Suddenly the laws of political physics are restored. You cannot both have your cake and eat it. The trade-off that has at last dawned on Boris Johnson is that if you want the whole of the UK to choose its own tariffs on goods, a customs border in Ireland is inevitable.
Exchange rate pass-through in a significant trading relationship
Exchange rate pass-through in a significant trading relationship: Evidence from the Brexit referendum The exchange rate is one of the most important prices in an economy – and also one of the most variable. Hence understanding the effect of exchange rate movements on economic activity in general, and on international trade in particular, is a major issue for economists and for policymakers. The existing empirical evidence on the effects of exchange rate changes is inconclusive.
Britain now has two rival Brexit plans—and they’re both kind of terrible
Theresa May’s Chequers plan for the UK’s post-Brexit relationship with the EU received a pretty brutal rejection at an informal meeting of EU leaders in Salzburg in mid-September. Reports of its demise have revived feverish talk about an alternative “Canada-plus agreement” that would go further than the EU’s current deal with Canada. Some Brexiters have thrown their support behind a policy paper from the Institute for Economic Affairs, which makes the case for such an approach.
Chequers vs Canada-plus Brexit trade plans - 7 key differences explained
Theresa May's Chequers plan for the UK's post-Brexit relationship with the EU received a pretty brutal rejection at an informal meeting of EU leaders in Salzburg in mid-September. Reports of its demise have revived feverish talk about an alternative "Canada-plus agreement" that would go further than the EU's current deal with Canada. Some Brexiters have thrown their support behind a policy paper from the Institute for Economic Affairs, which makes the case for such an approach.
Chequers vs Canada-plus Brexit trade plans - seven key differences explained
Theresa May’s Chequers plan for the UK’s post-Brexit relationship with the EU received a pretty brutal rejection at an informal meeting of EU leaders in Salzburg in mid-September. Reports of its demise have revived feverish talk about an alternative “Canada-plus agreement” that would go further than the EU’s current deal with Canada. Some Brexiters have thrown their support behind a policy paper from the Institute for Economic Affairs, which makes the case for such an approach.
Demolishing Peter Lilley's WTO Brexit nonsense
Friday, 24 August 2018 7:38 AM By L Alan Winters Earlier this month Peter Lilley, a former UK trade and industry secretary, published an article in The Times entitled: 'Even a no-deal Brexit is better than status quo'. This is just not true, and for reasons that Lilley ought to understand. I do not want to pick on him particularly - other advocates of 'WTO terms' make similar claims, if a little less directly expressed.
VOX, CEPR’s Policy Portal
Brexit is due to be completed in less than a year, which will have a fundamental impact on the UK's trading relationships with the rest of the world. In this Vox Talks, Alan Winters discusses how modern trade agreements are made, and why they are harder to negotiate than many assume. In order to avoid huge disruptions of trade, the UK must negotiate new agreements across the globe - a task made more difficult by the need to harmonise the sometimes contradicting regulations of different countries.
Trade agreements: Brexit and the way forward | Vox Talks
Brexit is due to be completed in less than a year, which will have a fundamental impact on the UK's trading relationships with the rest of the world. In this Vox Talks, Alan Winters discusses how modern trade agreements are made, and why they are harder to negotiate than many assume. In order to avoid huge disruptions of trade, the UK must negotiate new agreements across the globe - a task made more difficult by the need to harmonise the sometimes contradicting regulations of different countries.
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