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Analysis by the World Bank suggests that raising global capacity in trade facilitation (port efficiency, customs, regulatory transparency, and information technology used in trade transactions) halfway to the global average would increase world trade by $377 billion (Wilson, et al. 2005). This is an increase of about 9.7 percent in global trade ...
The World Economy: Historical Statistics is a landmark book by Angus Maddison. Published in 2004 by the OECD Development Centre, it studies the growth of populations and economies across the centuries: not just the world economy as it is now, but how it was in the past. Among other things, it showed that Europe's gross domestic product (GDP ...
Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital ...
Global Value Chains and Development: Redefining the Contours of 21st Century Capitalism is a 2018 book by American economic sociologist and academic Gary Gereffi published by Cambridge University Press and part of their Development Trajectories in Global Value Chains series.[ 1] The book discusses the Global Value Chains (GVC) framework ...
International trade is the exchange of capital, goods, and services across international borders or territories [ 1 ] because there is a need or want of goods or services. [ 2 ] (see: World economy ) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout ...
GTAP (the Global Trade Analysis Project) is a global network of researchers [3] (mostly from universities, international organizations, and economic and climate/resource ministries of governments) who conduct quantitative analysis of international economic policy issues, including trade policy, [4] climate policy, [5] and globalization linkages to inequality and employment. [6]
East Asian countries are vital contributors to central global communications and trade networks, developing relations with other nations, including those of the Western world, making them a significant contributor to the global economy. [16] The region's economic success was referred to as "An East Asian Renaissance" by the World Bank in 2007. [17]
Britain is seeking to build stronger economic ties with the United States after it left the European Union, though U.S. President Joe Biden's administration has frozen all free-trade talks at a ...