It’s easy to take for granted our accessibility to products native to or manufactured in countries on the other side of the world. International trade makes it possible to enjoy a dinner of Kobe beef from Japan, tropical fruits from India and a bottle of wine from France, without having to wait days (or weeks) for all the ingredients to arrive. From the days of the Silk Road between Europe and Asia in the 1200s, international trade has facilitated the exchange of goods and services between nations. As transportation evolved to make doing business internationally more practical, the result has been a global economy where events in one county can impact product supplies, demand and prices in countries thousand of miles away. For consumers, global trade means more business competition, which (despite tariffs and other additional costs that do not apply to domestic trade) typically results in lower prices for the products they want to purchase. It also opens up more markets where countries can sell the goods that are more abundant within their borders. The Cycle of Global Trade Relationships International trade can, over time, change the nature of relationships between two countries. One familiar example is when a poorer nation provides labor and facilities to more developed trading partners, acquiring wealth that can then be channeled into greater domestic productivity. When that happens, it could eventually result in a reversal of roles, where the product importer becomes an exporter. One sees elements of this in the trade relationship between the U.S. and China.
Shippers Frustrated as Spot rates Rise With Demand
As demand surges on the Asia-European trades, carriers and forwarders find themselves grappling with escalating spot rates, leading to frustrations… Read More
Move to Exporting 201
Companies that have had some export success selling though distributors often reach a point where their sales growth flattens or… Read More
Canada Trade: Getting the Relationship Right with Trump
Dentons, the global law firm, recently released its Global Regulatory Trends to Watch in 2017. In this five-part series, we… Read More
Zambia: Increased International Cooperation for Sustainable Transportation
Zambia has called for increased international cooperation to achieve sustainable transportation at the national and regional levels. Speaking at the… Read More
WATCH: US and Mexico Attempt to Resolve Sugar Export Issues
Difficulties arose in April 2014 after complaints from American sugar stakeholders and the Department of Commerce initiated anti-dumping and countervailing… Read More
Trump Will Move to Raise Minimum Wage
Not many people expect that President Donald Trump will raise the minimum wage. In fact, during the primaries, he famously… Read More
WATCH: Should Government Collect Economic Data?
The duty of the government to collect census data is actually mentioned in the United States Constitution. The Census Bureau,… Read More
Trump: 19th Century Trade Policy for 21st Century America
At a rally in Kentucky on Monday, President Donald Trump reiterated his support for the American System, a program first… Read More
WATCH: Introduction to International Logistics & Trade Compliance
An overview from the Georgia Tech Supply Chain & Logistics Institute relating to the complexities of global trade, its impact… Read More
Navigating Business Complexities in Sub-Saharan Africa
Doing business across national borders involves many complexities but the peculiarities of each market differ. Sub-Saharan Africa (SSA) remains one… Read More
Trump’s Bilateralism and US Trade Partners
Among the many changes Donald Trump is bringing to American trade policy, the new president has made clear that he… Read More
Global Collaboration – A New Outsourcing Strategy
To build a sustainable competitive advantage, leading companies are now using an advanced form of outsourcing dubbed global collaboration. For… Read More
« Previous 1 … 173 174 175 176 177 … 280 Next »