No easy way back for U.S. manufacturing
President Donald Trump declared on October 1 that the new trade deal with Canada and Mexico signifies the return of the United States as a “manufacturing powerhouse.” U.S. manufacturing has indeed changed dramatically since 1992, when the three countries signed their original trade pact. But the complex and varied factors that have reshaped factory production in the U.S. cannot be summarily reversed.
Modi looks inward on trade
The Indian government has taken a protectionist posture on trade, taking measures to boost domestic manufacturing, hike tariffs and stall trade negotiations. Yet exports have failed to increase, in part because of red tape and poor logistics. The administration’s present attitude could see India struggle with the current account deficit and increasingly get shut out from overseas markets, unless a growing corporate sector can lobby for change.
Roboshoring: the path toward deglobalization?
The rise of industrial robotics has led some analysts to hail the beginning of a new era of “reshoring” and “deglobalization,” in which companies from developed countries bring manufacturing back home. The data show a more nuanced story though, and any manufacturing that returns will not bring many jobs with it – that will still depend on entrepreneurship and innovation.
The greening of China’s auto industry
Chinese car ownership and production have shot up spectacularly in recent years. The country has joined the push for driverless electric cars as part of an environmental strategy that also stresses greatly expanded public transport. Depending on which strategy Beijing selects, carmakers could be headed for boom years or hard times.
What is India’s growth rate?
India's growth rate has shot up over the past two years, after the country's statistical office changed its methodology. Prime Minister Narendra Modi's opponents argue that the figures are too good to be true. The reality is a bit more complicated, but there is no question that flaws in the statistics could be giving policymakers the wrong signals.
Angola’s dependence on oil exacts toll as 2017 elections loom
Since the end of Angola’s civil war (1975-2002), oil production in the country has rapidly increased. Production more than doubled between 2004 and 2008, from 800,000 to 1.7 million barrels per day, stabilizing at around 1.8 million bpd in 2015. Oil revenues alone injected an estimated $470 billion into Angolan state coffers between 2002 and 2014. But the recent dr...
El Salvador counts on international help to curb gang violence
El Salvador is Central America’s most densely populated country. With six million people and a gross domestic product of $25 billion, its per capita GDP is $4,100 – not bad for a country generally considered poor by international standards. In the region, only Costa Rica does much better. El Salvador’s potential for further development is strong, but it is being he...
Chinese consumer market’s rising tide cannot be turned back
Can China develop a coherent, vibrant internal market and break its dependency on large state-owned industries? The country has made substantial progress over the last 20 years, says GIS Guest Expert Professor James Woudhuysen, and despite current concerns about the stability of its economy, there are good reasons to believe it will continue to do so. ...