Category Trade

‘Make in India’ a work in progress

Dressmaker making a garment in his workshop, Amritsar, India, 18 March 2019 (Photo: Reuters/Christopher Bellette)

Author: Aasheerwad Dwivedi, Delhi University Historical experience presents ‘structural transformation’ as a necessary condition for achieving high economic growth in any country. The typical transformation path involves people moving from agriculture towards industries and then services, from low to high…

Huge uncertainties still surround US trade policy

Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California, 1 October 2021 (Photo: Reuters/Alan Devall).

Author: Editorial Board, ANU Donald Trump’s presidency signalled a decisive US retreat from free and open trade and leadership of the multilateral trading system that had fostered unprecedented trade and economic growth for over 70 years. Trump built his political…

Time for Vietnam to get cracking on CPTPP reforms

Vietnam's President Nguyen Xuan Phuc (front) attends a meeting with Russia's Prime Minister Mikhail Mishustin at the House of the Government, 1 December 2021 (Dmitry Astakhov/POOL/TASS via Reuters Connect)

Author: Nguyen Anh Duong, Central Institute for Economic Management Following years of effort, in 2015 Vietnam concluded negotiations for the Trans-Pacific Partnership (TPP) trade deal. After the US withdrawal from the trade pact, Vietnam worked with the remaining members to…

Middle power conundrum amid US–China rivalry

South Korean President Moon Jae-in meets with Australian PM Scott Morrison in Canberra, Australia, 13 December 2021 (PHOTO: Lukas Coch/Pool via REUTERS)

Author: Shin-wha Lee, Korea University The international community has faced an unprecedented social and economic shock due to three ‘big bangs’ — increasing US–China strategic competition, the fourth industrial revolution and the COVID-19 crisis. These three big bangs are interrelated…