This chapter provides a comprehensive review of classical and modern theories of international trade, contextualized within the African experience. It begins with foundational theories such as mercantilism, absolute cost advantage, comparative cost…
The need to re-engineer growth in Africa has become increasingly glaring in the face of the prevailing economic shocks that exposed their inadequate productivity power for basic and vital food and drugs. According to the World Bank and several other…
This paper, presented at the 2nd SADC Community Law Seminar, critically examines the role of the Southern African Development Community (SADC) legal infrastructure in promoting women’s economic empowerment as a pathway to regional trade and…
This policy paper explores the crucial intersection of e-commerce and financial architecture in the context of trade in services in Lesotho. According to the World Bank, the services sector accounted for 49.17% of Lesotho's GDP in 2021, followed by…
This policy brief, presented at a research seminar organized by the National University of Lesotho – WTO Research Chair, explores the role of international trade in services, with a particular focus on e-commerce and its implications for the Lesotho…
International trade remains one of the key indicators of economic welfare of any economy. It directly increases foreign exchange earnings, meets consumer demand for foreign goods and increases production. Indirectly, it potentially increases…
According to the World Trade Organization (WTO, 2021), international trade—including the production and transportation of manufactured goods—accounts for 20 to 30 percent of global greenhouse gas (GHG) emissions. This study examines the relationship…
In recent years, the debate surrounding free trade versus protectionism has intensified, particularly as industrialized countries face increasing competition from emerging economies. This argument is of particular importance to Pakistan which faces…
The Lahore School of Economics macro model estimates that Pakistan's GDP growth for FY 2023-2024 is projected at 1.68%, reflecting ongoing weaknesses in sectoral performance, particularly in large-scale manufacturing, which barely broke even after a…
This research paper explores the dynamic relationship between trade openness, financial development, and economic growth in Lesotho. The study utilizes quarterly time series data spanning from 1970 to 2021, obtained from the Central Bank of Lesotho.…