Digital trade, from software sales to streaming movies, plays a bigger role than ever in the global economy. Its meteoric growth has renewed interest on the implications that this form of globalisation could have on the global economy, development opportunities, …
Global trade to grow 0.8% this year; 3.3% projected for 2024. In a notable shift, the World Trade Organization (WTO) has adjusted its trade projections, reflecting a somber outlook for 2023 while maintaining optimism for the following year. A sustained …
WTO slashes 2023 goods trade growth prediction to 0.8% Read More »
The COVID-19 pandemic has provided hard-earned lessons about global supply chains, as disruptions led to shortages of critical goods from medical supplies to food In 2017, the World Trade Organization (WTO) adopted the Trade Facilitation Agreement, intended to cut down …
How Asia Can Strengthen Supply Chains and Avert Future Shocks to Global Trade Read More »
Subregional initiatives in Asia, such as ASEAN, GMS, CAREC and SASEC need to overcome economic and political stumbling blocks to extend cooperation more broadly and not miss opportunities for economic recovery and greater resilience. Over the last half century, Asia …
When globalization threw open the gates of world economy, all countries reaped massive benefits. International trade increased driving the global GDP to new heights. The turn of the century witnessed the fastest growth phase of globalization until the 2008-09 economic …
