News: Investment

Building more resilient global value chains

Shipping Yard

Ken Ash, Independent Consultant, IIT Visiting Fellow, and former OECD Director of Trade and Agriculture.
The COVID-19 pandemic emerged in a world characterized by high trade tensions and considerable inertia across the multilateral trading system. A number of countries were moving towards plurilateral, regional and bilateral trade arrangements, and some governments were already beginning to explore ways in which they might more actively shape domestic economic activity.

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Post-Covid 19: Back to the past or the start of a greener future?

Climate Change

By Mike Humphrey Senior Trade Advisor at the Institute for International Trade at the University of Adelaide. As is the case with most governments world-wide, the Australian government’s concern regarding the recovery from the economic impacts of the COVID-19 crisis has been how to reboot the domestic economy and international trade as rapidly as possible.

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New Data links Outward Investment in Services to Australia’s Services Export Performance

Market Data

Jane Drake-Brockman is Industry Professor with the Institute for International Trade and Founder of the Australian Services Roundtable, which in 2020 celebrates its 20th anniversary. Measurement of trade in services is notoriously difficult. The official statistics on imports and exports contained in the Balance of Payments (BOP) are well known, for example, as measuring poorly at best only three of the four modes of international supply of services.

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Resilient Teams for Trade

Teams

By Lisa Hunt, Business Manager, Institute for International Trade, The University of Adelaide and Professor Peter Draper, Executive Director, Institute for International Trade, The University of Adelaide. 
Over the past four months COVID-19 has exacerbated existing trade and geopolitical tensions, fuelled scepticism about the benefits of globalisation and seen already high-levels of economic uncertainty rise. As governments across the globe respond to protect their citizens lives and livelihoods, the resulting restrictions on the movement of people, capital, goods and services across borders has proven catastrophic for many businesses working in Global Value Chains (GVCs).

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Australia-Singapore Digital Trade Agreement: Setting new benchmarks in Trade Governance

Digital Economy

By Jane Drake-Brockman, Industry Professor, Institute for International Trade, The University of Adelaide.
Australia has achieved its most comprehensive deal on digital trade. The government has put down clear markers for other bilateral and regional trade negotiations, including with the EU; and taken a global leadership role, along with Singapore, in signalling vital directions for the WTO negotiations on Electronic Commerce (e-commerce).

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Prospects for Australian free trade with a post-brexit United Kingdom

Shipping

By Andrew Stoler, former WTO Deputy Director-General; former Office of the United States Trade Representative senior trade negotiator; and former Executive Director of Institute for International Trade.
Now that the United Kingdom (UK) is once again pursuing an international trade policy independently of its previous membership in the European Union (EU), the UK Government has made clear that it intends to pursue free trade agreements (FTAs) with “Anglosphere” countries (United States, Canada, Australia and New Zealand).

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What can Australia gain from agricultural subsidy reform?

Crop Harvesting

By Kym Anderson, George Gollin Professor Emeritus, School of Economics, University of Adelaide; CEPR Fellow; and Honorary Professor of Economics, Arndt-Corden Dept of Economics, Australian National University.
Even though
research earlier this century suggested market access barriers were far more important than domestic subsidies in restricting global farm trade, new analysis suggests farm subsidies have become far more important in recent years.

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The “German” debate on supply chain ethics: assessing the role for businesses in human rights enforcement

Reichtag Building

By Andreas Freytag, Professor and Chair of Economic Policy, Friedrich Schiller University, Jena, and Dr Naoise McDonagh, Lecturer in Political Economy, Institute for International Trade, University of Adelaide.
International supply chains have become a topic of fierce debate in Germany over the past weeks, and perhaps surprisingly not for pandemic-related issues. Proposed new laws requiring due diligence by firms to prevent human rights violations in their supply chains sparked controversy over the degree of responsibility firms can realistically be expected to bear, and how they may enforce this obligation.

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The Perfect Storm: Interventionism, Inequality, Decoupling and Zombies

storm clouds

By Carlos A. Primo Braga, Associate Professor, Fundação Dom Cabral and former Director, Economic Policy and Debt, The World Bank.
Covid-19 already ranks among the most impactful pandemics of the last 100 years. Most governments have put their economies in a temporary “coma” with a view to mitigate the spread of the virus (SARS-CoV2). This inevitably increases the economic pain associated with the pandemic in the short run and generates pressures for a quick return to normality. Lessons from the past, however, suggest that the health crisis can go on for much longer than most politicians anticipate.

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What could generate inclusive structural transformation in Africa?

Cape Town

By Dessie Tarko Ambaw, Postdoctoral Researcher, Institute for International Trade
Africa has experienced strong economic growth since the turn of the century, averaging 4.6% per annum. Yet achieving inclusive growth and structural transformation continue to be pressing challenges. Africa is the only continent where the number of poor people is still increasing.

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