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According to the economic
law of comparative advantage, the whole world has benefited from the enormous
expansion of international trade since 1980. But over the past decade, few
countries have acted like they believe it. GIS experts look at the roots and
likely future course of protectionism’s global resurgence.
Sluggish international trade in recent years has given reasons to worry
about globalization. The value of trade involving the G20 group of countries
leveled off in 2010 and has been in decline since mid-2014.
Many blame Donald Trump and the new vogue for protectionism, but that is
Professor Enrico Colombatto
With internationalism on the retreat in the United States and Europe,
Asia’s two biggest powers find themselves on the spot. Both China and India
have spoken in defense of globalization and a multilateral, rules-based order.
But neither appears ready to fill the vacuum left by receding U.S. power.
Pramit Pal Chaudhuri
election of Donald Trump in the United States brings with it a great deal of
uncertainty for China and its leaders. It could face the threat of a trade war,
and diplomatic challenges regarding Taiwan and the South China Sea. However, as
Washington takes a more isolationist stance, 2017 will also offer China the
opportunity to fill the vacuum.
Fast-growing Africa has raw materials and mass markets that China and Japan both covet. So far, Beijing has left Tokyo far behind in the race for African opportunities, but Japan's Prime Minister, Shinzo Abe, has promised national leaders long-term partnerships, concentrating on infrastructure, healthcare, education and agriculture, and strategic master plans for 1...
Dr. Stefan Lippert
Japan is still a largely inward-looking country, but 200 of its medium-size companies have become world market leaders by defying language and cultural barriers to dominate their market.
Japan's industry 'champions' defy tradition to succeed in world trade
‘HIDDEN champions’ are at the vanguard of globalisation...