The notion of ‘debt-trap policy’ has elicited much debate about whether entities that deliberately flex their financial muscle to exert dominance over desperate countries exist. This work highlights its meaning, the actors, and its effects on trade and economic development.
Asian country’s integration into global value chains remains surprisingly weak. Peter Born, Chief Representative for Commerzbank in Mumbai, examines why this is the case, and what steps are being taken to address the challenges of the business environment in the country.
The Department for International Trade has recently published its Global Trade Outlook report. TFG summarised of the key points from the report, outlining what could be in store for global trade between now and 2050.
The global macro economic impact of the pandemic and how its prolonged impact on certain sectors and trade was discussed at length in a panel moderated by Jake Jacobson at the BAFT’s 2021 virtual Global Annual Meeting.
Having appeared to stabilise in July and August the number of new cases of COVID-19 globally has edged up to new highs in the last fortnight. Europe is seeing a second wave, particularly in Spain and France, but the case rate in the US has fallen.
The Local Currency System – SML – resurfaces as an alternative to recover trade flows not only in the Mercosur but also in other regions of the world which can implement it.
“WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008-2009″