Robert Heiling’s Post

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.

Tune into the World Economic Forum discussion April 28, 202411:30–12:15(GMT+3) Domestic politics and geopolitical divides have infiltrated trade policy, injecting strategies such as friendshoring and greenshoring into national trade policies. While trade and cross-border investment remain critical drivers of economic growth and recovery, politics and geopolitical divides are having an adverse effect on the future of international trade and impacting the stability of supply systems worldwide. How can we stop this negative impact?

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

New episode of Trade Knowledge Matters!! In this episode, we explore interplay of economic security and trade fragmentation. These are terms used regularly in trade and foreign policy trends in recent months. We look into the challenges faced through this interplay and how to manage the risks. You can listen to episode wherever you get your podcasts. #economicsecurity #tradepolicy #TradeKnowledgeMatters #tradefragmentation #podcast

This month, the International Monetary Fund published a new study that investigates economic fragmentation in #globaltrade and investment flows. https://lnkd.in/d8MRKQ4e The study - which cites Global Trade Alert data - examines how #geopolitical tensions and policy shifts are reshaping international economic relationships. Want to learn more? Check out our latest trade developments here: https://lnkd.in/djihMyH

📈As governments increasingly resort to industrial policy to achieve economic and non-economic objectives, the number of #subsidies has more than tripled in the last decade. ⭐This column investigates the effects of domestic subsidies on #trade flows. 👉It shows how these measures can alter comparative advantage patterns and hence affect export dynamics, especially in large emerging markets. 🔄These trade spillover effects can lead to tit-for-tat retaliation and should be accounted for in the cost-benefit analysis of industrial policy. 📢International cooperation can manage the risks of possible drifts towards a subsidy war. Vox column by: Lorenzo Rotunno (Aix-Marseille University, International Monetary Fund), Michele Ruta (International Monetary Fund) Read more here: https://ow.ly/B0j450U4VPe

School of Public Policy Research Professor Uri Dadush explores the consequences of a fragmenting global trade system in his latest book, Geopolitics, Trade Blocs, and the Fragmentation of World Commerce. Dadush warns that the intensifying U.S.-China rivalry, weakened trade rules, and geopolitical tensions pose serious risks to global stability, economic welfare, and even security. In the face of this challenge, he argues for stronger trade agreements and reforms to the World Trade Organization to prevent further fragmentation. Explore insights on how we can navigate the future of #globaltrade: https://lnkd.in/ea_gjcdU

In this first issue of the year, we set out Top seven trade trends that, in our view, will have a significant impact on international trade over the course of 2024. We assess the outcomes from the recent World Trade Organization’s 13th Ministerial Conference (MC13), and we explore some key themes impacting global trade, including hot topics that we have dealt with in previous issues of this publication.

❔ 𝘏𝘰𝘸 𝘥𝘰 𝘯𝘰𝘯-𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤 𝘰𝘣𝘫𝘦𝘤𝘵𝘪𝘷𝘦𝘴, 𝘭𝘪𝘬𝘦 𝘨𝘦𝘰𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘢𝘯𝘥 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵𝘢𝘭 𝘤𝘰𝘯𝘤𝘦𝘳𝘯𝘴, 𝘢𝘳𝘦 𝘳𝘦𝘴𝘩𝘢𝘱𝘪𝘯𝘨 𝘵𝘳𝘢𝘥𝘦 𝘱𝘰𝘭𝘪𝘤𝘺 𝘢𝘯𝘥 𝘪𝘮𝘱𝘢𝘤𝘵𝘪𝘯𝘨 𝘭𝘰𝘸-𝘪𝘯𝘤𝘰𝘮𝘦 𝘤𝘰𝘶𝘯𝘵𝘳𝘪𝘦𝘴? This policy paper examines insights from the #WorldTradeForum2023: Non-economic objectives and international trade. Access the full publication here 🔗 https://loom.ly/0uXZlSY 📌 Don't miss this year's #WTF24: Trade and the Quest for Accountability: Perspectives and Challenges. 💻 Join online on Sept 6-7 👉 https://loom.ly/ePxKYtU

How much damage will trade restrictions drive? “Global trade and finance are fragmenting into rival and increasingly hostile blocs, one centered on China and extending into the ‘Global South,’ another around the US and other Western countries. This trend... will increase the likelihood of conflict and is reminiscent of the 1930s.” @bloomberg “Washington’s own paranoia could lead to policies that produce marginal gains in security while eroding economic efficiency and innovation, not to mention American soft power.” Bloomberg News #globaltrade #economicimpact #finance #globalimpact #economics #politicalrisk