Trade is indispensable to fostering greater levels of global economic development. As the OECD has written, “No country has lifted itself out of poverty without international trade.” This category consolidates GTIPA-member reports assessing the intersection of trade and economic development.
From 2020 to 2021 the producer prices of manufactured goods in Germany increased by 6 per cent. However, price hikes accelerated during 2021, a development which has continued into 2022.
This report (July 2022) presents the main advances of indicators related to the ICT sector since the adoption policies, programs, and agreements in the National Development Plan (PND), 2018-2022. This document serves as input to adopt adequate strategies that will guarantee a higher rate of progress by the end of the four-year period and make better decisions that benefit companies, government and citizens.
A report by the Fundación Libertad y Progreso based on data from the National Institute of Statistics and Censuses (INDEC) showed that the Argentine Export Price Index increased 2.1% monthly and 20.7% year-on-year in May, reaching its maximum historical. This price level is 23.7% higher than that registered during the 2011-2015 Commodities Boom.
The COVID-19 pandemic has highlighted the vulnerability of international supply chains and the dependency of the economy of the European Union (EU) on goods from non-EU countries. The scarcity of microchips that has persisted since the COVID lockdowns has laid bare the dependency of the EU on overseas producers of this essential high-tech product.
The fragmentation of production offers new opportunities to economies seeking to take part in global value chains (GVCs). With the help of foreign direct investment (FDI), some economies are shifting their GVC participation to an increasing number of higher value-added tasks.
From the multilateral trade agreements facilitating industry growth to the fostering of comparative advantages, trade has played a major role in shaping the semiconductor global value chain. Industry giants such as Taiwan and Japan reached their stature because of more liberalized and open market policies. In building its semiconductor ecosystem, India would benefit from a deeper understanding of the primacy of trade policies and technology transfer.
Inflation remains on a tear, reaching 6.8 percent in Canada and 8.3 percent in the US in April. Inflation had not been that high in about 40 years, save for a brief spike when Canada introduced the GST in 1991. As a result, as reported by Statistics Canada yesterday, Canadian wage earners are quickly losing purchasing power.
The Asia-Pacific region has long been the world’s top destination for manufacturing-related FDI. Based on a policy brief supported by the Hinrich Foundation, this article from the APEC Policy Support Unit examines the criticality of foreign investments and global value chains (GVCs) for developing economies looking to pursue an export-driven growth strategy.
India’s tentative recommitment to free trade follows New Delhi’s departure from negotiations on the RCEP in 2019. By dint of its economic size and strategic importance, the country is in a much better position to mollify contradictory domestic interests when negotiating trade agreements bilaterally. Given India's long-standing protectionist tendencies, a piecemeal approach to trade deals is better than no action at all.
Minister, your 2022 federal budget rightly highlighted the importance of economic growth for Canadians’ future prosperity and the fiscal health of Canadian governments.