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This is the current state of global trade | World Economic Forum Emerging economies have seen their share of total global trade rocket in recent years China, for instance, is now responsible for 15% of all world exports Unfinished goods, components and services account for 70% of all trade While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact on trade patterns
An economist explains the pros and cons of globalization As we enter the fourth wave of globalization, driven by the digital revolution, there is renewed debate over whether it is a beneficial force: powering economic growth, and allowing the spread of ideas to improve people’s lives; or whether it erodes communities, and widens the gap between the elites and the rest of the world
A hybrid model for global trade can navigate a fragmented world Global financial systems are being reshaped by shifting investment patterns, including a loosening economic interdependence between the United States and China A hybrid model of traditional globalization and regional alliances could mitigate against full fragmentation
IMF: The global economy enters a new era - The World Economic Forum We also present a global forecast excluding the April tariffs (pre-2 April forecast) Under this alternative path, global growth would have seen only a modest cumulative downgrade of 0 2 percentage point, to 3 2% for 2025 and 2026 Finally, we include a model-based forecast incorporating announcements made after 4 April
Circular economy: How developing countries can thrive with fewer new . . . Refurbishment (restoring products for resale) and remanufacturing (returning components or whole products “as-new”) are growing as businesses adopt circular strategies The global refurbished electronics market is sizable, with hubs like Nigeria’s Ikeja Computer Village poised for dominance Countries with strong manufacturing should
6 countries successfully growing their manufacturing – and what they . . . This public-private partnership initiative, launched in 2020, provides industry incentives for sales of domestically made products This has increased the country's reliance on domestic sourcing components, reducing imports and benefitting the country’s manufacturing capabilities
Launching products abroad? Here are the 5 keys to success You likely won't be able to win over an entire global conglomeration in one deal Think locally first, and aim to win over the entities of multi-national corporations operating in your home country Loyal customers at home can help open doors abroad
5 innovations that are revolutionizing global healthcare One of the main benefits of 3D printing is that it greatly accelerates production processes and, therefore, also reduces the cost of traditionally manufactured products The technology has reduced the time it takes to produce hearing aids from more than one week to just one day, according to the American Hospital Association
The global eco-wakening: how consumers are driving sustainability While economic development is still the priority for most countries, we realize that for cheap products today, we may pay a very high price tomorrow as nature loss and climate breakdown really bite And for many people, and especially those living in emerging economies and supplying global value chains, eco-wakening is driven by personal
We shouldnt underestimate the power of cultural products. They can . . . In terms of international relations, these products can boost tourism, language learning, local products and a country’s image abroad Regarding tourism, Braveheart may have increased visits to Scotland by 300% in the year after it was released, and The Motorcycle Diaries and Game of Thrones had a similar impact on South American and the city