Insight Report – The Future of World Trade

Trade in goods and services accounts for nearly 60 percent of the world's economic output, and the global average tariff has been cut in half since the 1990s to less than seven percent.
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Trade in goods and services accounts for nearly 60 percent of the world’s economic output, and the global average tariff has been cut in half since the 1990s to less than seven percent. A closer look, however, reveals that the hyperglobalisation of the last 70 years is in jeopardy.

Stagnant growth rates in much of the developed world, rising debt ratios, and existing income inequalities are reinforcing the urge to shift policy-making inward. At the same time, the steady eastward shift of the global economic centre is leading to a rise in the political importance of major emerging economies and to conflicts of interest between the developed world and the rising stars.

In Western Union Business Solutions’ latest report we review the expected shift in global economic power, the complex nature of globalisation and the regionalisation of world trade.

Click here to read the report

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email
Downtown in Business
Which department is your enquiry regarding. If unsure select other.
Please summarise why you are contacting Downtown in Business.

Lu Ban Restaurant

We are delighted that Lu Ban are our latest Business of the Week. Lu Ban cuisine is inspired by the Chinese region of Tianjin. Lu Ban Restaurant won the Taste of England award at a glitzy ceremony held at the Library of Birmingham on Wednesday 8 June.

Read More

DB3 Launch Net Zero Consultancy

Award-winning Architecture and Building Services Engineering specialists, DB3 Group, have set up DB3 Net Zero to help the construction industry achieve the UK’s 2050 net zero targets.

Read More