Shenzhen: From Fishing Village to Global Metropolis
In the 1980s, the southern Chinese coastal city of Shenzhen was not much more than a small fishing village, home to some 30,000 hearty souls eking out a living barely above the subsistence level.
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Maryland’s Plan to Hatch Foreign Investment
On the third floor of a nondescript office building in a busy commercial strip in College Park, Maryland, foreign-owned start-ups can get a boost at the Maryland International Incubator
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TPP: What’s the Big Deal?
If you are following trade issues, even casually, you will likely have heard the acronym “TPP” in recent months. That’s because the campaigns for and against the Trans-Pacific Partnership, or TPP, are in full swing as approval in the U.S. Congress hangs in the balance. Unfortunately, with communication about the TPP being dominated by […]
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Picture Trade Beautifully
The Observatory of Economic Complexity offers a tool that is as beautiful as it is educational (not mention fun to use), enabling users to “quickly compose a visual narrative about countries and the products they exchange.” Here’s an example. Did you start to notice more Chilean wines on supermarket shelves starting in the […]
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Giving New Meaning to “Trading Blocs”
Sometimes you just want a simple answer without having to dig through a database of thousands of tariff lines – after all, how many of us know what the Harmonized System of product classification is or how to find the product we’re looking for? (The Harmonized System, used by more than 200 countries, […]
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China’s Lagging Services Economy
Services represent just under 50% of gross domestic product in China compared with 63% in Russia, 70% in Brazil, and 52% in India. China could rebalance export oriented growth if it adopts a more open and transparent services economy. Domestic production of services in China is modest, yet China maintains restrictions on trade in services, making […]
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Trade in Services Agreement (TiSA)
The last major services agreement was concluded by WTO Members in 1994, more than twenty years. ago. Global services trade has grown faster than the ability of new negotiations to keep pace. Transportation is more efficient. Digital transactions and e-commerce enable providers to reach global customers cheaply and quickly. The e-Bay phenomenon made small traders […]
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What Americans Think About Trade and Trade Agreements
While anti-trade rhetoric has been a regular feature of the U.S. political landscape, 2016 might be unique for the amount of bipartisan vitriol aimed at trade and trade agreements. Both U.S. major party presidential nominees have declared their opposition to the Trans-Pacific Partnership (TPP), a massive agreement among the United States and 11 other […]
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