This paper looks at the current turmoil in international financial markets. While this is often named after the US subprime sector in which it originated, he suggests that an alternative description could be the TLA crisis, given the profusion of three letter acronyms such as MBS, CDO and SIV deployed in any analysis of developments...

With Doha in the deep freeze and the future of the multilateral system in question, the search is now on for a Plan B for international trade. The most likely Plan B on offer is a deepening of the world economy's recent infatuation with preferential trade agreements. In the long term, however, the best alternative...