Trade may seem a very pragmatic activity, one that needs no fictive basis. Yet the fact is that no animal other than Sapiens engages in trade, and all the Sapiens trade networks about which we have detailed evidence were based on fictions. Trade cannot exist without trust, and it is very difficult to trust strangers. The global trade network of today is based on our … [ Read more ]
Content: Quotation | Author: Yuval Noah Harari | Subjects: Economics, Trade
[Adam] Smith saw things differently. Trade is not zero-sum, he wrote. Rather, trade increases the size of the market, which allows for greater labour specialization. Specialized labour is more productive than non-specialized labour, so that a world of trade and specialization, in which many people focus on one task and exchange their produce with others in mutually beneficial trades, is one in which everyone is … [ Read more ]
Content: Quotation | Author: Ryan Avent | Source: Evonomics | Subjects: Economics, Trade
Adam Smith wrote that man has an intrinsic “propensity to truck, barter, and exchange one thing for another.” But how did trade evolve to the point where we don’t think twice about biting into an apple from the other side of the world?
In A Splendid Exchange, William J. Bernstein tells the extraordinary story of global commerce from its prehistoric origins to the myriad controversies surrounding … [ Read more ]
Content: Book | Author: William J. Bernstein | Subject: Trade
A new look at US trade and employment data shows why it’s wrong to believe that foreign competition accounts for weak job growth since 2000.
Editor’s Note: a topical article, but the economic analysis provided is interesting and of value for other countries and times…
Content: Article | Authors: Martin Neil Baily, Robert Z. Lawrence | Source: McKinsey Quarterly | Subjects: Economics, Trade
OTEA conducts a comprehensive program of data development, dissemination, and research and analysis on international and domestic trade and investment issues to support trade promotion and trade policy responsibilities of Trade Development, International Trade Administration, Department of Commerce and U.S. Government organizations and officials. This site makes the results of that work available to the public.
Content: Online Resource | Source: OTEA | Subjects: Market Research, Trade
Pose the question to any audience, “How many here favor free trade and how many support protectionism or managed trade?” Inevitably, an overwhelming majority of hands are raised for free trade.
In the leading academic centers and think tanks, as well as in most of the press and major business organizations, the need for freer trade is constantly enjoined. And yet….
Editor’s Note: this article was … [ Read more ]
Content: Article | Author: Clyde V. Prestowitz, Jr. | Source: Prism (Arthur D. Little) | Subjects: Economics, Trade
In today’s global economy, companies are increasingly looking outside national borders for new markets. Answering such questions as “Which Asian country is the largest exporter of commercial services?” or “Is the market growing for agricultural products in Africa?” can be essential for companies thinking of expanding into other parts of the world.
International Trade Statistics 2003 by the World Trade Organization is an authoritative source for … [ Read more ]
Content: Online Resource | Source: World Trade Organization (WTO) | Subjects: International, Trade
Removing tariffs is easy. Breaking down social barriers to trade is hard.
Content: Article | Author: Tim Reason | Source: CFO Publishing | Subjects: International, Trade | Industry: International Trade
The complex and far-flung world of trade agreements has just been made much simpler, thanks to Dartmouth’s Tuck Center for International Business (CIB) Trade Agreements Database and Archive. This is an updated collection of bilateral and regional free trade agreements and customs union agreements, most of which have been notified to the World Trade Organization. The archive section contains full texts of 164 agreements, that … [ Read more ]
Content: Online Resource | Source: Tuck Center for International Business (CIB) | Subjects: International, Trade
To judge by the example of Canada, which began an experiment in free trade with the United States in 1989, the proposed U.S. free-trade agreement with Mexico is a threat to the social comity on which prosperity depends.
Editor’s Note: this was written back in 1992 but the analysis it provides is really interesting and of long-lasting value when evaluating free trade concepts (thanks to … [ Read more ]
Content: Article | Author: Jonathan Schlefer | Source: The Atlantic Monthly | Subjects: Economics, Trade
The USITC Trade DataWeb is a menu-driven wizard for creating queries about current or historical U.S. trade by country and product. The wizard allows searching by HTS (Harmonized Tariff Schedule), SIC Code, SITC Code, or NAIC Code. (If you are unsure of where to start, the USITC site has an end use description lookup page.)
Once you choose a product list, you can drill down to … [ Read more ]
Content: Online Resource | Source: United States International Trade Commission | Subjects: International, Trade
Follow the four step guide at this site to determine tariffs and taxes levied on U.S. products and services exported to other countries.
Content: Online Resource | Sources: Trade Information Center, U.S. Department of Commerce | Subjects: International, Trade | Industry: International Trade
When the Semiconductor Trade Agreement was set to expire in 1996, some US industry leaders called for renewal, while their Japanese counterparts argued against it. In this case study, Professor Daniel Traca and Robert Crawford challenge you to examine the issues surrounding US-Japanese semiconductor trade and the possibility of an STA III.
Content: Case Study | Authors: Daniel Traça, Robert Crawford | Source: INSEAD | Subjects: Economics, Trade
“Alibaba.com is the world’s largest marketplace for global trade and is the leading provider of online marketing services for importers and exporters. Alibaba.com is the number one destination for buyers and sellers to find trade opportunities and promote their businesses online.
Alibaba’s websites allow users to browse company information and trade leads by 27 industry categories and 700 product sub-categories, ranging from agriculture to software.
Alibaba’s web … [ Read more ]
Content: Online Resource | Source: Alibaba.com | Subjects: International, Trade
The financial crisis of 1997-98 hit the East Asia and Asia Pacific area hard, especially the primary regional organisations ASEAN and APEC. Perhaps down, but not quite out, a new regional group called ASEAN Plus Three (APT) emerged. Will it succeed where the others have failed? Professor Douglas Webber examines the strengths and weaknesses of these organisations. He also shows how several of the factors … [ Read more ]
Content: Article | Author: Douglas Webber | Source: INSEAD Knowledge | Subjects: International – Asia, Trade
UN/CEFACT is the United Nations Centre for Trade Facilitation and Electronic Business. Its mission is to improve the ability of business, trade and administrative organizations, from developed, developing and transitional economies, to exchange products and relevant services effectively – and so contribute to the growth of global commerce. Its goals include:
– Expanding global commerce
– Reducing bureaucracy and increasing transparency … [ Read more ]
Content: Online Resource | Source: UN/CEFACT | Subjects: International, Trade | Industry: International Trade
The legality of trademark protection in gray markets is determined by the principles of: universality, exhaustion and territoriality. Recent cases involving the Tariff, Lanham, and Copyright Acts have restricted the level of legal recourse where parallel imports jeopardize the trademark holder’s investment and/or create confusion amongst the consumers. The landmark 1998 L’Anza Supreme Court decision clearly sends a message to trademark owners that legislative protection … [ Read more ]
Content: Article | Authors: Irvine Clarke, III, Margaret Owens | Source: ManagementFirst | Subjects: Legal, Trade | Industry: International Trade
Abstract: The Internet stimulates trade. Using a gravity equation of trade among 56 countries, we find no evidence of an effect of the Internet on total trade flows in 1995 and only weak evidence of an effect in 1996. However, we find an increasing and significant impact from 1997 to 1999. Specifically, our results imply that a 10 percent increase in the relative number … [ Read more ]
Content: Article | Authors: Caroline Freund, Diana Weinhold | Source: The Federal Reserve Board | Subjects: IT / Technology / E-Business, Trade