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China’s trade with Latin America is bound to keep growing. Here’s why that matters
Thursday 17th of June 2021
The rise of China as a trade powerhouse has had profound implications for global commerce over the last 20 years, with key economic sectors in Latin America and the Caribbean (LAC) among the biggest beneficiaries. Between 2000 and 2020, China-LAC trade grew 26-fold from $12 billion to $315 billion.
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How trade-based money laundering works and its impact on world finances
Monday 14th of June 2021
Money laundering is big business, so big, that to handle the movement of enormous sums of money, fraudsters are increasingly turning to Trade-Based Money Laundering (TBML). In developing countries, TBML and associated tax evasion contributed to almost $9 trillion in losses between 2008 and 2017. Tackling TBML is complicated by cross-jurisdiction trade, multinational companies, and globalized trade pathways.
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Can a TikTok star or autonomous trucks reverse the global shortage of commercial drivers?
Thursday 10th of June 2021
During the pandemic, millions of people around the world got used to working from home. But bus, coach and truck drivers – commercial drivers of all sorts – are one group of workers for whom working from home was never an option.
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We can’t tackle platform competition issues without increasing digital literacy
Thursday 3rd of June 2021
Eight out of 10 internet users wouldn’t pay as much as the cost of one McDonald’s meal – $5 – to use a search engine for a month, according to my latest research. Yet, the company operating the search engine that most of these consumers use recorded a revenue of over $180 billion last year, generated mostly from showing advertisements to these consumers. As digital platforms come under increasing scrutiny from competition authorities and lawmakers, what policies should be prioritized?
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What shifting foreign investment patterns mean for Africa’s recovery
Wednesday 2nd of June 2021
The flow of Foreign Direct Investment (FDI) to Africa has shifted over the past decade, as new sources of investment have emerged and new sectors have expanded. While the COVID-19 crisis has clouded the outlook for future investment, capitalizing on the longer-term trends presents a compelling opportunity for African policy makers looking towards economic recovery.
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G7 countries to back minimum global corporate tax and support economy
Tuesday 1st of June 2021
Finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an “ambitious” deal on a minimum global corporate tax in July, a draft communique showed.
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Global trade after COVID-19: From fixed capital to human capital
Thursday 20th of May 2021
This article is adapted from The global trade map after COVID-19: where to for global companies and investors, and policymakers?
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How global trade can save lives and livelihoods – and help protect the planet
Wednesday 12th of May 2021
Global trade has a role to play in saving lives in the COVID-19 pandemic, creating jobs and sustainable development that mitigates against climate change.
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What’s the ‘bullwhip effect’ and how can we avoid crises like the global chip shortage?
Wednesday 12th of May 2021
It started with diapers.
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COVID has disrupted Africa’s cotton production. Here’s how soap could provide a solution
Tuesday 11th of May 2021
Cotton is a commercial crop grown mainly for its fibre or lint, a raw material used by the textile industry. In most least developed countries (LDCs) in Africa, raw lint is widely produced for export, creating vital revenue. But, this revenue is highly susceptible to outside shocks affecting international prices.
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11 ways to align global economic governance with a green new deal
Tuesday 4th of May 2021
As the world economy reels from the largest shock in decades, “build back better” has become an urgent mantra, backed by trillions in emergency spending. But delivering global climate goals – as well as broader aims of sustainable development and economic justice within and across countries – will require transformation as well as stimulus.
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The future of global trade – in 7 charts
Monday 26th of April 2021
Global trade is ready for a strong but uneven recovery after the shock of the pandemic, according to the World Trade Organization (WTO).
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How ‘frugal innovation’ could aid Africa’s green development
Tuesday 20th of April 2021
Cash-short Africa will need “frugal innovation” based on simple, local solutions to deal with serious and growing problems, from climate change to a surging youth population and a lack of jobs, African entrepreneurs and officials said.
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Countries must rethink tariffs on bio-manufacturing
Wednesday 14th of April 2021
Bio-pharmaceuticals are increasingly central to healthcare delivery in high and low-income countries alike. Well-known examples of these large molecule-based treatments are vaccines and monoclonal antibodies to treat COVID-19.
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How TradeTech can build resilience in global value chains
Monday 5th of April 2021
Published first in Trade Finance Global.
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What’s in Biden’s $2.3 trillion infrastructure plan?
Thursday 1st of April 2021
U.S. President Joe Biden’s infrastructure plan includes $2.3 trillion in investments aimed at everything from fixing 10,000 bridges to tearing lead pipes out of millions of homes in the United States.
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The Suez Canal in numbers
Thursday 25th of March 2021
The Suez Canal has been thrust into the global spotlight after a cargo ship became stranded, blocking travel through one of the world’s most important trade routes in both directions.
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Shell middens: Underwater archaeological sites offer clues to ancient coastal communities
Thursday 25th of March 2021
The world’s oceans hold their secrets close, including clues about how people lived tens of thousands of years ago.
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The stuck ship in the Suez Canal is an important lesson for global trade
Thursday 25th of March 2021
It’s estimated that 90% of the world’s trade is transported by sea. As consumers, we rarely give much thought to how the things we buy make their way across the planet and into our homes. That is, until an incident like the recent grounding of a huge container ship, the Ever Given, in the Suez Canal exposes the weaknesses in this global system.
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Is Chinese business on the cusp of a ‘leapfrog moment’ in ESG reporting?
Thursday 25th of March 2021
China’s ambition to reach peak carbon before 2030 and achieve carbon neutrality by 2060 will require Chinese companies to start transitioning to a lower-carbon business model today. Corporate reporting of a complete set of environmental, social and governance (ESG) metrics, including making emission data visible and comparable, will be a key ingredient to help regulators make timely policy decisions, guide capital flows, and enable customers to make informed decisions.
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How can cities survive COVID-19? Focus on competitiveness
Tuesday 23rd of March 2021
From national lockdowns to closed borders, the COVID-19 pandemic has hit cities particularly hard.
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3 actions for business to prepare for a post-pandemic future
Saturday 13th of March 2021
The ambitious vaccine rollout programmes that are underway in many parts of the world are finally bringing hope that we may be turning the tide against COVID-19 and we can begin to open society and economies more broadly. These past 12 months have been an incredibly difficult period, for both individuals and businesses.
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The developing world must get ready to adapt its trade to climate change
Wednesday 3rd of March 2021
• In the absence of adaptation, developing countries stand to be hit the hardest by trade losses due to climate change.
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4 ways to improve trade rules and support climate action
Tuesday 2nd of March 2021
There is a myth that trade policy and climate action are inherently at odds. That does not have to be the case. Trade can, and should, be a driver of sustainable innovation, productivity, efficiency, and growth.
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How do ‘trading frenzies’ like GameStop affect the real economy? An expert explains
Wednesday 17th of February 2021
The recent rallies and volatility in the stocks of video game retailer GameStop and movie theater chain AMC can be linked to a term known as “frenzied trading,” according to Itay Goldstein, Wharton professor of finance and economics who co-authored a research paper in 2013 on that subject with Emre Ozdenoren, a professor of economics at London Business School, and Kathy Yuan, finance professor at the London School of Economics.