Robots are not in every case displacing jobs, but automation is certainly changing the types of jobs available and the skills needed to fill them. Explore this robot map produced by the Brookings Institute to see where the robots are on the move.
Around one-third of global shipping and about 21 percent of global trade moves through it the South China Sea. The Strait of Malacca, which connects the South China Sea and the Pacific Ocean with the Indian Ocean, is the shortest and most economical passageway connecting these important bodies of water. Any long-term uncertainty around commercial use of the Strait of Malacca could create a ripple effect throughout existing global supply chains.
How is bread traded without a Bread Czar or a Minister for Flour? Inspired by the classic essay, I, Pencil, Professor Russ Roberts of Stanford University, offers an engaging and timeless story to explain the economic processes we benefit from daily without realizing.
In our Essential on Which Countries Invest and Employ the Most Workers in U.S. States, we introduce an online resource from SelectUSA that brings together data on foreign direct investment (FDI) in the United States in an easy-to-use interactive tool. You can explore the inward stock of FDI in the United States by country of origin, and see which industries attract the most investment, which states are the largest destinations of foreign capital, and where jobs are being created from these investments. Foreign investment is a big contributor to the U.S. economy, adding around $870 billion in value in 2014 and employing some 6.4 million American workers. FDI also drives more than one quarter of U.S. trade. Discover more at: […]
To see how countries stack up in terms of the number of agreements they’ve negotiated, check out the WTO’s database of trade agreements.
National trade statistics have been in the news lately, but the figures tell us little about what we produce and sell in our own communities. The Brookings Institute Metropolitan Policy Program developed an interactive tool called Export Monitor to better understand the role of exports in economic recovery, growth, and employment among American counties and metropolitan areas.
Ever wonder how China feeds its massive population of 1.4 billion? China’s growing population is increasing its appetite for U.S.-grown food. Discover how China’s food imports have risen between 2005 and 2015 from just $6 million to over $300 million by exploring this interactive chord chart.
North America receives a B+ on the new George W. Bush Institute Scorecard, outperforming other trade groups such as the EU, which gets a B, and Mercosur, which only achieved a D-.
In the modern global economy, most products are not wholly made in one country. Even the services you buy can be composed of inputs from various countries around the world — like the story of our TradeVistas logo designed by an artist in Indonesia commissioned through a company aggregating design services out of Australia.
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.”