World trade hit a record US$ 32 trillion in 2022, but growth turned negative in the closing months of 2022. A report by Geneva-based United Nations Conference on Trade and Development (UNCTAD), says that developing countries’ trade was particularly weak during the Quarter 4 of 2022. Inspite of the bleak...
As global trade shows recovery signs, it is critical to address concerns of rising inequalities between wealthy nations and the developing world. These stem primarily from differing capabilities in terms of fiscal spending and controlling infections. Furthermore, the post-pandemic period is also expected to enhance the digital divide, which necessitates...
The onset of COVID-19 has exposed the perils of an overdependence on Chinese manufacturing to nations and corporations across borders. This is being viewed as an invaluable opportunity for other nations to emerge as alternate manufacturing destinations. India Business & Trade takes a look at the current dynamics of global...
COVID-19, the virus that triggered a localized shock in China is now delivering a significant global shock and has indelibly hurt international trade. As the virus spread internationally, many countries adopted social isolation policies, such as limiting work and restricting the mobility of people. The closing of borders also brought...
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