In a global economy, passing laws to conserve forests, fisheries or other natural resources can simply shift demand for those goods to other countries or regions where they aren’t as well protected.
Articles on Imports
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It will be hard and complicated to replace Venezuela’s heavy sour crude.
Millions of American flags come from China. Yet despite being symbols of patriotism, they’re not among the products subject to new tariffs imposed by the Trump administration.
Trump claimed that ‘we would be punishing ourselves’ by using US arms sales to Saudi Arabia as a bargaining chip over the disappearance of Khashoggi. A look at the arms trade shows why he’s wrong.
The collapse of the oil price in 2014 highlighted the need for Nigeria to dilute its exposure on the commodity.
From trade to medicines, the UK government’s ‘just in case’ planning is revealing.
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
Watch out, Indonesia and South Africa.
Trump has started a trade war with China and much of the world. Here’s what you need to know.
The complexity of the reforms might jeopardise the necessary cooperation of overseas businesses, and place consumers at risk of paying wrongly charged GST.
The illegal timber trade is a huge global business worth up to US$150 billion yearly. One way to curb it is by convincing consumers in wealthy countries that buying contraband wood products is wrong.
On March 1, Donald Trump imposed a series of steel and aluminum tariffs. To understand their potential impact, it’s instructive to look at what happened after George W. Bush enacted similar measures in 2002.
The new TPP means fewer barriers for Australian exports, but there a number of loose ends – not least if the United States decides to rejoin.
Crunching the numbers on 14 years of trading shows one of the assumptions about global markets is looking fragile.
China’s bid for an infrastructure blitz to drive overland trade through to Europe will end up being overshadowed.
There are two ways that international competition can reduce wages. Both are effects of globalisation.
Smaller companies are failing to move quickly into overseas sales. It may be time for government to put its money where its mouth is.
The governments move to include low-value online bought goods in the GST doesn’t treat overseas and local sellers in the same way.
The Social Medwork is a website that promises patients legal access to medicines from overseas. How does it work? What are the risks? And why are patients turning to it to access the drugs they need?
The control of imported goods is a quick fix that doesn’t resolve fundamental economic problems. It must be accompanied by a policy focus on macroeconomic issues, labour and agriculture.
Top contributors
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Associate Professor of Business, Boston University
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Associate Professor of Agri-Food Trade and Policy, University of Guelph
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Professor of Trade Law and Taxation, Queensland University of Technology
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Professor of Economics, University of Minnesota Duluth
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Lecturer, Business School, University of Sydney
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Senior lecturer, Law, Monash University
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Research Affiliate, School of Social Sciences, Monash University
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Professor of International Conflict Analysis, School of Politics and International Relations, University of Kent
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Directeur, CEPII - Institut français d'économie (IFE)
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Lecturer, Queensland University of Technology
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OIC-Manager for Macroeconomic Policy, Debt Sustainability and Forecasting at the African Development Bank and Lecturer (on leave of public service) at the Department of Economics, University of Uyo
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Professor of Enterprise, Warwick Business School, University of Warwick
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Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University
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Senior Director, Transformation Strategies Department, International Food Policy Research Institute (IFPRI), CGIAR