News: Opinions

Back to autarky? How to respond to supply shortages in medical devices during the Corona-crisis

logistics and supplies

By Andreas FreytagProfessor and Chair of Economic Policy, Friedrich Schiller University, Jena.
The ongoing covid-19 crisis has brought to the fore the vulnerability of societies relying on highly efficient global value chains (GVC) and single suppliers for specific goods. During the crisis, which first severely hit China as the central link in many GVCs, most countries have suffered a shortage of both simple and technologically complex medical devices (e.g. face masks and ventilators respectively). Fierce competition for these devices has emerged, leading to global tensions and trade restrictions, but also to a discussion about the organization of supply-chains and the need for national emergency stockpiling of medical devices.

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COVID-19: Offering us a glimpse into the future of work, the global economy and technology

technology handshake

By Simon Lacey - Senior Lecturer in International Trade, Institute for International Trade
COVID-19 has already exacted a horrific death toll in dozens of countries and is only going to get worse in the coming weeks and months. The same is true of the economic fallout it has caused. Soon political leaders will have to make extremely difficult choices as the trade-offs between saving lives and saving economies become even more stark. 

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Geopolitics, Trade and Protectionism: Covid-19’s impact and paths forward

Boat in water

Dr. Naoise McDonagh - Lecturer in Political Economy, Institute for International Trade
As the coronavirus continues to spread globally, country after country has had to implement the three “L”s: lockdown non-essential services and operations; lockout all non-essential people who are not citizens; lock-in all goods that are considered to be essential to managing the growing health emergency.

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Non-Tariff Measures and Behind-the-Border Domestic Regulation Impacting Trade in Research and Innovation Services

trade in research and innovation services

Simon Lacey - Senior Lecturer in International Trade, The University of Adelaide
This topic is very interesting and slightly unusual, not least because non-tariff barriers are trade barriers that only affect trade in goods, since by definition a tariff can arguably only be levied on a physical good as it crosses a border. 

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The EU and COVID-19

eu flag

Richard Pomfret - Professor of Economics & Jean Monnet Chair Economics of European Integration, The University of Adelaide
The EU has had a crisis-ridden decade with the sovereign debt, migration and Brexit crises. By the end of 2019, with the Greek debt crisis winding down, migration and refugees out of the headlines and Brexit done, skies looked clearer for the new Commission under Ursula von der Leyen and the new head of the European Central Bank (ECB) Christine Lagarde. 

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Women in International Trade, enabling world economies for gender equality

gender equality

Adriana Espejo Sanchez - Ph.D. Candidate: Institute for International Trade, University of Adelaide
Celebrating women’s achievements globally during International Women’s Day 2020 provides an opportune time to reflect not only on the critical role women play in society, but also to consider what actions are still required on the road to gender parity..

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The UK after Brexit

Brexit

Richard Pomfret - Professor of Economics & Jean Monnet Chair Economics of European Integration, The University of Adelaide
On 31 January 2020 Britons celebrated or mourned the UK’s departure from the European Union.  Brexit will be followed by a transition period until the end of the current EU budget cycle on 31 December 2020.  During the transition, the UK will continue to adhere to EU rules while managing the practicalities of Brexit. 

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A Phase One Deal, but for what purpose?

US China Trade War

Naoise McDonagh - Lecturer, Institute for International Trade, University of Adelaide
What does the Phase One trade deal between the U.S. and China indicate for the wider trade conflict between the two countries? To answer that question requires analysis of the deal’s specifics in the broader context of the trade conflict and its underlying causes.

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Vietnam: economic outlook and role as ASEAN chair in 2020

ASEAN chair

Milton Churche and Michael Mugliston, visiting fellows at the Institute for International Trade at the University of Adelaide in South Australia
Vietnam serves as ASEAN Chair in 2020, granting authority to shape the group’s priorities for the year ahead. Building on Vietnam’s recent successes in trade negotiations the country can use its Chair to enhance ASEAN’s role supporting a rules-based international trading order.

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Failure of strategic trade diplomacy

Failure of strategic trade diplomacy

Naoise McDonagh - Lecturer, Institute for International Trade, University of Adelaide
In June 2019 a free trade agreement (FTA) two decades in the making was struck between the EU and the South American customs union Mercosur (currently comprising Argentina, Brazil, Paraguay and Uruguay). 

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The views expressed here are the author’s, and do not necessarily represent the views of the Institute for International Trade.

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