Trade
in sentence
11085 examples of Trade in a sentence
In response to the domestic and regional crises generated by the Maduro regime, the US has put in place severe
trade
and financial sanctions, and Trump has reportedly floated the idea of invading Venezuela.
Other recommendations relate to
trade
and regional integration, leveraging domestic and external finance, and promoting what it calls the “New Industrial Revolution.”
In Japan, Prime Minister Shinzo Abe has unleashed a combination of aggressive monetary and fiscal expansion along with promised reforms of the labor market, corporate governance, regulation, and
trade.
So long as foreign investors and central banks are content to continue piling up holdings of US debt, America can go on spending whatever is needed to sustain its many security commitments around the world, as well as finance its
trade
and budget deficits.
On the one hand, China’s economic-growth trajectory has strengthened regional cooperation through increased trade, better economic incentives, and closer commercial ties.
A US that moves toward isolationist nationalism will remain the world’s most powerful country by a wide margin; but it will no longer guarantee Western countries’ security or defend an international order based on free
trade
and globalization.
China might soon find itself the new guarantor of global free
trade
– and probably the new global leader in combating climate change, too.
Rethinking the Twenty-First-Century EconomyGENEVA – Before the threat of a US-China
trade
war arose, surging stock markets and corporate profits had obscured the fact that the global economic system is under existential stress.
China’s territorial ambitions are also fueling tensions in the South China Sea, where sea-lanes that are vital to Japanese
trade
are located.
Even when Americans and Europeans agree in principle, such as on trade, this does not always translate into practice.
But does that correlation imply a causal link between
trade
and inequality?
But, if one uses geography to isolate exogenous determinants of trade, it becomes apparent that
trade
has been among the most powerful drivers of Asia’s economic success, and thus the convergence between the developed and developing worlds.
This view of
trade
as a zero-sum game was a feature of the mercantilist theory that reigned three centuries ago, before Adam Smith and David Ricardo made the case that
trade
would normally benefit both partners, by enabling each to take advantage of their comparative advantages.
The HO-SS theory, which dominated international economic thinking from the 1950s through 1970s, predicted that international
trade
would benefit the abundant factor of production (in rich countries, the owners of capital) and hurt the scarce factor of production (in rich countries, unskilled labor).
Then came the post-1980 revolutions in
trade
theory.
Later, in 2003, Marc Melitz showed how
trade
could shift resources from low-productivity to high-productivity firms.
Critics of globalization latched onto these newer economic theories, claiming that they demanded a rethinking of the traditional case for free
trade.
It was precisely at that time, however, that the HO-SS
trade
theory’s prediction that free
trade
would hurt lower-skill workers in rich countries apparently began to materialize.
As Pinelopi Goldberg and Nina Pavcnik reported in 2007, the expectation that
trade
would reduce inequality in the countries with the most unskilled workers, because their services are in greater demand in an integrated world market, has not been borne out.
But there is clearly more to current inequality trends than
trade.
But focusing on
trade
is not the way to resolve it.
At the same time, the regime depends on taxes on international
trade
to support itself.
Given North Korea’s economic dependence on China – which accounts for some 90% of its
trade
nowadays – it is critical to take advantage of this policy convergence.
After the Atlantic Charter came the United Nations, the Bretton Woods institutions, the global
trade
system, the Universal Declaration of Human Rights, and much more.
There were no major wars between superpowers, global
trade
expanded and drove economic growth, poverty was more than halved, and rapid advances in science and technology delivered benefits to every corner of the world.
By this logic, international
trade
should be regulated not by rules and institutions, but through unilateral protectionist measures and arm-twisting.
Declining investment rates in Japan, the newly-industrializing Asian economies, and Latin America, in that order of importance, have fueled the flood of savings into US government bonds, US mortgage-backed securities, and US equity-backed loans – the capital-account equivalent of America’s enormous
trade
deficit.
For the US the story is mostly neutral: a gain in competitiveness toward Europe, a loss relative to Japan, and with no net gain or loss in competitiveness or trade, scant inflationary effects to speak about, no interest rate hikes or stock declines - nothing to get excited about.
Who can doubt that US President Donald Trump will make a Twitter punching bag out of any of them who dares criticize his administration’s planned retreat from open
trade
and leadership in multilateral financial institutions?
But if his plan is for the US to retreat unilaterally from global trade, the outcome is likely to hurt many US workers for the benefit of a few.
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