Small and Medium Enterprises (SMEs) can substantially contribute to a country’s long-term export growth and diversification. And trade promotion organizations can play an important role in the process. We have found this after analyzing the export performance of developing countries by using transaction-level data of all Peruvian exports between … [Read more...] about The Role of Small and Medium-Size Firms in Countries’ Export Growth
Trade Facilitation
Tracing products back to their origin: facilitating regional trade through blockchain
The COVID-19 crisis is challenging governments to step up their efforts to digitize public management. International trade is no exception. This is an opportunity to make a qualitative leap towards the modernization of foreign trade procedures through technologies such as blockchain. The need for … [Read more...] about Tracing products back to their origin: facilitating regional trade through blockchain
COVID-19: How risk management can improve trade operations
The COVID-19 crisis is fueling change in trade at a blistering pace. An example where this acceleration is proving positive is the catalyzing of digital transformation in countries and industries that have been late adopters. The circumstances of the crisis have led businesses and governments to adapt their products and … [Read more...] about COVID-19: How risk management can improve trade operations
The Digital Economy Partnership Agreement, a milestone in trade negotiations
The future of international trade negotiations is already here. It’s called the Digital Economy Partnership Agreement and was recently signed by three countries, including Chile. This landmark agreement seeks to establish global standards for the digital economy. It couldn’t have come at a better time, given how important digitization and Industry 4.0 will be in recovering from … [Read more...] about The Digital Economy Partnership Agreement, a milestone in trade negotiations
Global Value Chains and the Environment in a post-COVID World
Many predictions have floated about the future of global value chains (GVC), or the separation of production in stages across borders, in a post-COVID19 world. They include some degree of reshoring by which global lead firms bring back to their home country the production of intermediate inputs initially offshored to other countries. Other predictions include a higher degree of … [Read more...] about Global Value Chains and the Environment in a post-COVID World