So much international trade happens in dollars that it would be very difficult to turn the tide against the currency any time soon.
Articles on Global trade
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While there are some benefits to the free trade agreement, the UK would be better off striking a deal with its neighbours.
Natural gas projects in Africa might help reduce supply shortages temporarily, but they could soon become stranded assets.
Trade regulation by rich countries against pests and disease is gradually making its way into the less developed nations. On top of safer foods, new research shows this could also bring sustainable growth.
Now is the time for African countries to start looking for African value chains or alternatives to global value chains.
Companies are moving their production back to developed countries. This is jeopardising the decades-long progress in global poverty reduction.
China is committed to becoming carbon neutral before 2060 – and producing green hydrogen is key to the plan.
The US, Japan and other wealthy G-7 nations plan to remove Russia’s status as a most-favored nation. A trade expert explains what that term means and what might happen next.
In the short term, the war is causing energy prices to soar and prompting fears of famine in some countries. In the long term, it could remake the modern global supply chain.
Research suggests that two factors are most important when making decisions on how businesses should respond to the U.S.-China trade war: location and supply chain dependence, and technology.
The proposal is likely to mean economic and diplomatic costs for Australia, and should ring alarm bells in Canberra.
Amid another flurry of U.S. protectionist measures, Canada should reconsider the value of global trade deals over bilateral agreements. But it should also support its own industries.
A group of powerful countries have agreed ‘green corridors’ for emissions-free shipping by 2025, but that’s not even half the battle.
Before the container was standardized, loading and unloading goods was very labor-intensive, inefficient and costly.
A bottleneck in the global shipping network will accelerate the move to more local production and shorter supply chains.
The Suez Canal is the ideal target for causing maximum disruption to global trade.
Whether you like it or not, the globalised world will survive Donald Trump and the pandemic.
The allure of novel goods was so strong that it triggered 1,000 years of trade and interactions among people from different places, but there were limits on globalization then that no longer exist,
In time of crisis like today, instead of blaming one another, countries should foster international cooperation.
So far, New Zealand exporters have not been affected by the trade war between the US and China, but the Hong Kong crisis could easily embroil any foreign company.
Top contributors
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Professor of Economics, University of Minnesota Duluth
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Lecturer in Sustainable Freight Transport and Logistics, University of Leeds
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Associate Professor, Università di Foggia
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Senior lecturer in Economics, Aston University
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Adam Smith Senior Lecturer in Political Economy, School of Social and Political Sciences, University of Glasgow
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Associate Professor, Department of International Relations, Ankara Hacı Bayram Veli University
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Reader in Trade and Development Economics, University of Birmingham
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AXA Research Fellow, Università di Foggia
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Senior Lecturer in Economics, Lancaster University Management School, Lancaster University
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Tony Walker AM is a Friend of The Conversation.
Director, La Trobe University
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Honorary Research Fellow, City Political Economy Research Centre, City St George's, University of London
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Pew Fellow in Marine Conservation, University of St Andrews
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Associate Professor of Political Science, University of Amsterdam
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Senior Lecturer and Co-Director, Electric Vehicle Centre of Excellence (EVCE), Cardiff University
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Assistant Professor of Economics, University of California, Merced