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.
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
TPP is significant because it constitutes the largest regional trade agreement ever implemented outside of the WTO. TPP was negotiated among 12 countries on both sides of the Pacific. Those countries together generate roughly 40% of global economic output (GDP).
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.”
The World Bank offers an easy way to visualize trade flows between countries and regions searching by geography or product using its database, the World Integrated Trade Solution.
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.
The services sector is the world’s largest employer and produces 70 percent of global domestic product (GDP). But the last major trade in services agreement was concluded by WTO Members more than twenty years ago.
While anti-trade rhetoric has been a regular feature of the U.S. political landscape, opinion polls show that Americans are not in fact generally opposed to trade or trade agreements with other nations.