How policy uncertainty hurt world trade in 2019

In a decade of miserable trade growth, 2019 is set to make the record books for all the policy_uncertainty_cargo2wrong reasons.  Since the Great Recession, trade growth hovered around 3 percent per year, down from the 7 percent growth rates for the two decades preceding the crisis. This year world trade is expected to grow slightly above 1 percent. We find that policy uncertainty might account for almost half of the slowdown of world trade growth in 2019.

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What does the rise of the robots mean for trade?

Industrial robots, 3D printing, and artificial intelligence are rapidly changing the face of imagesglobal production and trade. Global sales of industrial robots reached a new record of 387,000 units last year and robot adoption is projected to grow in the coming years. Techno-pessimists fear that developing countries might lose the opportunity to export themselves out of poverty by linking into Global Value Chains (GVCs), as firms in rich countries relocate robot-driven production closer to home.

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From Parts to Products: Why Trade Logistics Matter

STORY HIGHLIGHTStrade-lpi-2018-warehouse-shutterstock

  • The sixth edition of Connecting to Compete reveals a persistent gap between high-income and low-income countries on logistics performance. High-income countries score, on average, 48% better on logistics than low-income countries.
  • Logistics relates to how efficiently countries can move physical goods across and within borders. A country’s performance in this area can determine how it participates in international markets.
  • Emerging trends in logistics include eco-friendly logistics options, labor shortages in both developed and developing countries, and preparedness for cyber threats.

 

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From Parts to Products: Why Trade Logistics Matter

Published on http://www.worldbank.org.

Washington, 24 July 2018 – Take a close look at your smart phone for a moment. What trade-lpi-2018-warehouse-shutterstockdo you see? A glass screen. A button equipped with fingerprint recognition. A camera lens, flashlight, microphone, and speaker. Each of these components, and others – including chips, processors, batteries – are independently sourced from companies located all over the world and assembled into a finished product at factories, often in China. Any smart phone you purchase, and its components, has likely passed through customs several times, landed on multiple countries and continents, and been touched by countless workers.

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eC2: Stocktaking of the Trade Facilitation Support Program

Deadline: 14-Aug-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

The World Bank Group (WBG) is seeking an evaluation firm to undertake a mid-termworld money small stocktaking of the Trade Facilitation Support Program – a $40 million flagship technical assistance program administered by the WBG that supports countries in aligning their trade practices with the WTO Trade Facilitation Agreement (TFA). The firm should have strong knowledge of trade issues and demonstrated experience in evaluating global partnership programs and development projects, assessing results frameworks, implementation risks and M&E frameworks.

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Year in Review: 2016 in 12 Charts (and a video)

Between the social, political, and economic upheavals affecting our lives, and the violence and forced displacement making headlines, you’d be forgiven for feeling gloomy about 2016. A look at the data reveals some of the challenges we face but also the progress we’ve made toward a more peaceful, prosperous, and sustainable future. Here are 12 charts that help tell the stories of the year.

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Connecting to Compete 2016: Trade Logistics in the Global Economy

WASHINGTON, June 28, 2016—Did you know that 94% of shipments imported into trade-LPI-fishing-ship-container-dockerGermany meet the quality standards of global logistics operators, compared to only 40% in Bolivia? Or that importing goods into Georgia requires traders to deal with just one agency, but in Madagascar, traders must deal with 10?

All of these issues, and more, are captured under the broad category of logistics – the methods and procedures a country uses to move goods across borders. Infrastructure, procedures, regulations, geographic characteristics and even political economy issues all play a role in defining the strength of a country’s logistics.

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