An economic interpretation of "like-product."

Article Abstract:

An economic definition of 'like-product' would allow the US International Trade Commission (ITC) to more consistently and productively decide if particular imports pose a threat to domestic products, and to what extent action should be taken. The lack of a set of standards for determining a goods' 'like-product' status is a barrier to successful ITC action. A new economic definition, under which a good must meet two criteria based on degrees of substitutability, is presented, and its possible implementation and adherence to US trade law are discussed.

Models, Practice, Nontariff trade barriers, United States. International Trade Commission

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Multilateralism and Africa's regional economic communities

Article Abstract:

The African Economic Community's (AEC) use of regional economic community (REC) organization frameworks does not necessarily indict them as a group unsuitable for economic development as there are many possibilities. REC rules may be made to work with multilateral trading frameworks and may be used to facilitate economic integration and economic globalization. The AEC needs only to harmonize its external and internal rules for the system to work.

Analysis, International trade, Regional economics, International economic integration, Economic integration

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The economic analysis of the effect of no-fault divorce law on the divorce rate

Article Abstract:

No-fault divorce law increases the divorce rate to an extent that is economically inefficient and therefore should be replaced by a fault divorce system. The additional divorces which occur under no-fault divorce law are among couples who spend more on children than on other goods. Children are a non-transferable public good within marriage, and the non-transferability problem leads to economically inefficient divorces under no-fault.

Economic aspects, No-fault divorce, No fault divorce

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