While working on my dissertation “The Impact of trade openness on the Economic Growth of the East African Community”, empirical evidence reveals that there is a need for Global Economic integration. The fact that the global economy is increasingly interconnected and the EAC’s integration into global trade networks is essential for eccesssing larger markets and participating in global value chains. The study findings reveal that trade openness affects EAC’s competitiveness and integration into the global economy is crucial for informing strategies that enhance the region’s global economic standing.
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Highly interesting presentation by Ralph Ossa on green comparative advantages from global trade („Greening Ricardo“). The excellent debate that followed allowed for a political reality check, highlighting how some of the controversial autonomous measures by the EU may in fact contradict with such greening gains from trade. While personally I believe CBAM could achieve the opposite. As a driver for a global level playing field in terms of carbon pricing and hence creating the precondition for this greening effect from trade.
I just returned from Vienna where I had the honor to deliver the Global Economy Lecture 2024 on environmental gains from trade at the Oesterreichische Nationalbank and discuss our World Trade Report 2024 on trade and inclusiveness at the The Vienna Institute for International Economic Studies (wiiw).
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Did you know that international trade is responsible for over 50% of the world's economic growth? It's a vital component in the global economy! #HouseOfOkechukwu #InternationalTrade #EconomicGrowth
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Looking to learn more about the trade industry? Here are 5 fascinating facts that you might not know: 1️⃣ Trade is a major driving force of the global economy. 2️⃣ The Silk Road was one of the most significant trade routes in history. 3️⃣ Trade can promote cultural exchange and understanding. 4️⃣ The trade industry contributes to job creation and economic growth. 5️⃣ The World Trade Organization plays a key role in regulating international trade. 🌐✈️ #TradeFacts #InternationalTrade
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https://lnkd.in/gvQnuy_D What are the long-term implications of de-globalization trends on international trade and economic growth? By Hugo Keji Long-Term Implications of De-Globalization Trends on International Trade and Economic Growth Introduction De-globalization refers to the retreat from globalization, characterized by increased trade barriers, protectionist policies, and a shift towards economic nationalism. In recent years, several factors, including political shifts, economic crises,
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Navigating the Complexities of International Trade & Economics The global economy is more interconnected than ever before, and as an International Relations Consultant, understanding international trade dynamics is crucial to advising clients on policy development and economic strategy. Trade agreements, tariffs, and economic sanctions all play pivotal roles in shaping the global marketplace. Key insights into global trade and economics: ✅ Global Supply Chains: Today’s trade policies directly affect supply chains across the globe. By analyzing these connections, we can identify opportunities and risks for businesses and governments alike, guiding them toward more informed decisions. ✅ Economic Trends: Tracking global economic trends allows us to predict shifts in market behavior. This analysis is invaluable for businesses looking to invest or expand into international markets or for policymakers crafting development strategies. ✅ Strategic Economic Partnerships: Building strong economic partnerships can be a catalyst for growth. Through mutual trade agreements and collaborations, countries can enhance economic resilience, improve standards of living, and foster development. Understanding the complexities of international economics is critical to navigating the ever-evolving global marketplace. As we continue to face global economic challenges, a strategic, informed approach will determine our ability to succeed in international trade.
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🚀 China and the EU: Partners in Growth or Opponents in Trade? 🌍 In the rapidly changing landscape of global trade, the relationship between China and the EU is more important than ever. But is this partnership truly one of growth, or are there underlying challenges that could drive them apart? 🤔 We’ve explored the evolving dynamics between these two global economic giants in our latest blog post, examining their economic interdependence, the impact of the Belt and Road Initiative, and the future of their trade relations. 📈 If you're interested in understanding the complexities of China-EU trade relations and what the future holds, check out the full article here: https://lnkd.in/g-49SMvb #TradeRelations #ChinaEU #GlobalTrade #Economics #Sustainability #DigitalTransformation #TradeStrategy #BusinessInsights
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Navigating globalization, trade policies Here, Zeeshan Wasim writes that navigating the complexities of the interconnected world will continue but it is essential to chart a course that is guided by cooperation, understanding and empathy, to ensure that the trade policies benefit not one, but all. Please click on the link to read this article. https://lnkd.in/d6PAtCjx
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Global trade is a powerful engine for economic growth, innovation, and cross-border collaboration. Do you want to gain insights on global trade? #JoinTheConversation as we explore new opportunities and shape policies that enhance economic growth and international cooperation: https://lnkd.in/ee5f2Sy #GlobalTrade #EconomicGrowth #GlobalEconomy
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The latest research paper by UNU-CRIS’ Samuel Standaert and Scott Baier, titled "Gravity, Globalization, and Time-Varying Heterogeneity," delves into the fascinating world of international trade. The study offers fresh insights into how various factors shape global trade flows over time. At the core of Standaert’s and Baier’s research is the gravity model, a concept in international trade theory that predicts trade between two locations based on their size and distance from each other. However, Standaert and Baier address a limitation: the model's assumption of constant bilateral fixed effects. This oversight fails to capture the changing dynamics of the global economy, especially over longer periods. To address this, the article introduces a new econometric test capable of detecting variations in unobserved heterogeneity over time. They identify hidden or unmeasured factors that influence trade but aren't directly observed. This breakthrough provides a deeper understanding of how trade patterns evolve over decades, offering valuable insights for policymakers and businesses navigating the complex world of global trade
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Great paper that explains international trade under the Trump administration. A bit dated, but If you’re interested to see where our US and global economies could potentially be heading, give it a read. https://lnkd.in/eNhKH2_N
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Graduate from Mountains of the Moon University, project coordinator at Msamaria Givers foundation and volunteer at Uganda Youth forum Passionate about Advanced leadership with good governance
3moVery informative