Future of Trade

Discover the outlook of trade as it defines post-COVID-19 economic recovery for both established and new economic hubs. In this chapter: The pandemic and geopolitical tensions have been detrimental to the state of global trade. The spill-over effect will see new trade hubs emerge. Learn how geopolitics has impacted international trade and the three... main scenarios for how US-China trade relations could evolve in the future. In this chapter: The US-China trade war and COVID-19 pandemic have driven protectionist measures to an all-time high. The new order for the trading system will see a diminished role for the WTO and a greater level of innovation in trade policy by state actors. Explore the implications of technological advancement and how government reaction will shape international business and trade. In this chapter: Technology has the ability to streamline supply chains, lower costs and increase efficiency. However, are there caveats to technological advancements? Up to 90% of global trade is reliant on trade finance. There is currently a US$1.5 trillion trade finance gap. This gap is predicted to widen to US$2.5 trillion by 2025. What does this mean for the Future of Trade? In this chapter: Financing is required to get things done, but there's a gap between investment and infrastructure that needs to be filled. Both businesses and governments will need to adopt policies and technology and change how they operate to overcome these trade obstacles. This chapter explores how COVID-19, global trade policies and innovative solutions are shaping sustainability in trade. In this chapter: Has the COVID-19 pandemic dampened progress towards sustainability as businesses focus on core operations and financial survival? What does the future of sustainable trade look like?Read More