2019-01-29 10:33:00 Tue ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Global trade transforms from labor cost arbitrage to high-skill knowledge work. In fact, multinational manufacturers have been trying to create global supply chains that source goods wherever costs and wages are lowest in exchange for product sales wherever aggregate consumer demand is greatest. This macro trend drives global economic growth, helps alleviate poverty outside the OECD trade bloc, and contributes to the recent rise of China. This trend also helps fuel a political backlash in America.
A recent McKinsey study finds that the share of cross-border tradable goods has fallen sharply from 28% to 22% in the past decade. This reversal of fortune partly reflects the political backlash against trade in America. The same trend also shows a key increase in consumer demand in China and several other Asian economies. These countries now buy more of their own goods and also experience substantive improvements in domestic supply chains. Tradable goods decrease as a share of global economic output, whereas, services soar to account for almost a quarter of productivity gains. International trade transforms from labor-cost arbitrage to high-skill knowledge work in R&D innovation and intellectual property protection. This transformation takes place in specialty industries such as information technology, pharma biotech, e-commerce, and social media.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2020-04-24 11:33:00 Friday ET
Disruptive innovations tend to contribute to business success in new blue-ocean markets after iterative continuous improvements. Clayton Christensen and
2018-03-05 07:34:00 Monday ET
Peter Thiel shares his money views of President Trump, Facebook, Bitcoin, global finance, and trade etc. As an early technology adopter, Thiel invests in Fa
2022-03-05 09:27:00 Saturday ET
Addendum on empirical tests of multi-factor models for asset return prediction Fama and French (2015) propose an empirical five-factor asset pricing mode
2019-06-09 11:29:00 Sunday ET
St Louis Federal Reserve President James Bullard indicates that his ideal baseline scenario remains a mutually beneficial China-U.S. trade deal. Bullard ind
2018-04-29 13:44:00 Sunday ET
College education offers a hefty 8.8% pay premium for each marginal increase in the number of years of intellectual attainment in contrast to the 5.6%-6% lo
2018-07-05 13:40:00 Thursday ET
U.S. trading partners such as the European Union, Canada, China, Japan, Mexico, and Russia voice their concern at the World Trade Organization (WTO) in ligh