Trade has always been about more than a trade in goods.It has always depended on people’s willingness to work together to achieve their goals, the ability to manage their own economic affairs, and the opportunity to prosper through competition.Now, it is about the ability of individuals to cooperate together in order to create a more…
In the coming weeks, the U.S. and its trading partners will begin a series of meetings aimed at finding a common ground in an effort to reduce the damage caused by a trade war that has left some 3.5 million people unemployed and triggered widespread global protests.The talks will focus on trade, but it’s unlikely…
A Brexiteer economist has attacked the UK’s free trade agreement with the European Union as “disproportionately harmful” to Australian jobs.Key points:The Prime Minister said she had consulted extensively with all parties and she felt the deal was “right”Professor Mark Tinsley of Curtin University said Brexit negotiations should have been done by now”We’re not just going…
Trade in goods is an important indicator of how the world economy is doing, as trade flows and flows of goods are often correlated.This article looks at the trade surplus and trade flows of the world over the past 50 years and the trends it has seen.Trade flows in goods and services between countries are…
The Athens Economics trade dress portfolio includes the official Greek government seal, as well as a number of designs created by local designers.The portfolio has been valued at more than $8bn and includes more than 3,000 design pieces.The portfolio is one of a number that has been created to support the economic recovery in Greece…
Peru’s economy is growing, but its GDP growth rate remains well below the average of more than 20 percent a year, according to the World Bank.Peru’s economy grew by just 0.2 percent in the first quarter of this year, the third consecutive quarter of contraction.The country’s government blames the slowdown on the effects of global…
The Associated Press | Associated Press| ReutersAUSTIN (AP) Texas’ economy was hit hard by the U.S. trade deficit and is in a severe recession as President Donald Trump’s trade policies continue to hurt the state’s bottom line, officials said Friday.The Texas Tribune is owned by Tribune Media Corp. The Associated National Press is an editorially…
The Irish Times has published a number of interesting articles which show how to trade between Ireland and other countries in Europe and the US. Among these are trade deals, the EU and trade barriers, and whether Ireland should be part of a single trade area, trade in goods and services, or the single market. The first article was…
The global economy has converged, but the trade deficit is not as big as it once was.That is the conclusion of the Global Trade Forecast report, which was released by the International Monetary Fund on Wednesday.China’s trade deficit with the world fell to $1.6 trillion in 2017 from $1,700 billion in 2016.China is the world’s…
Trade barriers between the Philippines and China are far less severe than those between Vietnam and Malaysia.The Philippines is one of the top five largest exporters of Chinese goods in the world.But those trade barriers are less stringent than those in the other Asian countries.Here are some of the reasons: In 2018, the Philippines exported…
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