The economic impact of infrastructure investment is significant – but a new scorecard ranks the United States’ infrastructure behind many of its biggest global competitors, adding manufacturing and trade costs.
Renewed investment in rural infrastructure like roads, waterways, and broadband would help American farmers compete in the global economy.
The blue economy contributes billions to global GDP and supports jobs around the world, from fishing to tourism. Learn why the future of ocean trade depends on science and sustainability.
Murder hornets arrived on container ships, posing a threat to local honeybees that pollinate food we trade. Invasive alien species are a reminder that increased trade volume, changes in trade routes, and the expansion of airport and seaport capacity around the world means having to deal with the unwelcome stowaways in global trade.
Air cargo (sometimes carried by passenger flight) is critical infrastructure that is moving medical supplies where they are needed most to fight the coronavirus.
China’s Belt and Road Initiative is laying the groundwork for new trade routes with infrastructure investments that span 138 countries. If successful, BRI means all roads will lead back to Beijing. Read the basics about BRI – and what questions remain.
Suffolk is the most caffeinated city east of the Mississippi thanks to booming coffee trade through the nearby Port of Virginia. Here’s a look at how trade drives economic development in this flourishing coffee cluster.
Corruption is one of the most costly non-tariff barriers in global trade. The trouble is, there is no one-size-fits-all solution. Tackling corruption to promote legitimate trade would have positive impacts on millions around the world. An OECD report suggests a mix of approaches.
Smoother and faster customs procedures could boost global trade volumes and economic output. Blockchain is a promising technology that, if widely adopted by shippers and customs agencies, could reduce the current mounds of paperwork and costs associated with import and export licenses, cargo and shipping documents, and customs declarations.
80 percent of all global trade is transacted through third-party lenders and cargo insurers, but the process is complex, can be costly and many banks find it too risky to support small and medium-sized enterprises (SMEs). Blockchain has the potential to increase transparency, speed and accuracy in assessing risk across the trade finance process, which in turn could expand the supply of credit available for SMEs.