Key statistics and trends in trade policy 2018: trade tensions, implications for developing countries
International trade has faced significant tensions, particularly between the U.S. and China, affecting tariffs and trade policies, with implications for developing countries. The report analyzes these trends and their impact on global trade dynamics.
(Generated with the help of GPT-4)
Quick Facts | |
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Report location: | source |
Language: | English |
Publisher: | United Nations |
Publication date: | 2019 |
Authors: | Alessandro Nicita |
Geographic focus: | Global |
Methods
The research method involved analyzing trade data from various sources, including the UNCTAD Trade Analysis and Information System and the WTO's databases. The report utilized statistical models to assess tariff restrictiveness, trade agreements, non-tariff measures, and exchange rates, focusing on their implications for developing countries.
(Generated with the help of GPT-4)
Key Insights
The report discusses the evolving landscape of international trade, highlighting the stability of tariffs despite ongoing trade tensions, particularly between the U.S. and China. It notes that while tariffs have remained relatively stable, non-tariff measures have become more prevalent, leading to increased regulatory complexities. The implications of these tensions are particularly significant for developing countries, which may experience negative spillovers affecting their economic growth and trade patterns. The report emphasizes that trade confrontations can disrupt global supply chains and influence currency markets, potentially leading to stagflation. Additionally, it examines the role of preferential trade agreements, noting that a significant portion of global trade occurs under such agreements, which often provide varying degrees of market access. The report also highlights the importance of understanding the effects of tariffs on international trade patterns and the potential for trade diversion to other countries. Overall, it underscores the need for developing countries to navigate these challenges carefully to maintain their competitiveness in the global market.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2010s time horizon | English publication language | 2019 publication year | Global geographic scope | developing countries | economic growth | exchange rates | international competitiveness | non-tariff measures | tariffs | trade agreements | trade defence measures | trade policy | trade tensions