Early Beginnings of Trade The history of international trade dates back to prehistoric times when prehistoric people traded goods and services to satisfy their respective needs. The first international traders were the merchants of the East Mediterranean coast, who bought and sold goods to other nations as early as 3,000 BC. The Silk Road, a … Read more
The European Union (EU) has consistently supported the World Trade Organization (WTO) and the multilateral trading system it embodies. However, the EU’s recent use of trade policy to pursue its climate objectives may inadvertently undermine the very multilateral credentials it has vowed to uphold. To continue on its dual path, the EU must harmoniously integrate … Read more
As we move deeper into what some experts have coined the “post-globalization” era, the Group of Seven (G-7), comprised of the world’s leading economic powers, is evolving its approach to international trade and finance. The recent focus on creating a mutually beneficial partnership with developing nations to build resilient supply chains exemplifies this shift. Economic … Read more
The evolution of technology has significantly impacted the financial sector, giving rise to cryptocurrencies as a viable alternative to conventional banking systems. As these systems diverge in their operational strategies and benefits, understanding their unique attributes can help us navigate the transforming financial landscape. The Emergence of Cryptocurrency Cryptocurrency, a form of digital or virtual … Read more
Reigniting the Flame: High-Level Economic Talks Resume The diplomatic journey between China and Australia has been nothing short of a rollercoaster ride. Yet, a fresh gust of optimism is blowing across the diplomatic corridors with the recent visit of Australian Trade Minister Don Farrell to Beijing. This visit marked a significant milestone in the recovery … Read more
International E-commerce Tax Landscape The international landscape of e-commerce taxation is evolving rapidly. Governments globally are striving to unearth hidden treasures in the form of taxes from the internet cloud, driven by the United States, European Union, and the Organisation for Economic Co-operation and Development (OECD). The United Nations aims to enhance this effort even … Read more
Elevating Indo-Pacific as the Epicenter of Global Peace and Prosperity The 21st-century geopolitical landscape is experiencing a significant shift towards the Indo-Pacific region, with Japan and India playing a crucial role in shaping this transition. This move seeks to establish a free and open Indo-Pacific (FOIP) as the bedrock of global peace, prosperity, and a … Read more
Beating the Forecasts: An Unexpected Upswing The Malaysian economy has shown resilience and dynamism, with a reported increase in gross domestic product (GDP) of 5.6% in the first quarter of 2023. This impressive figure surpasses the 4.8% annual expansion previously predicted by analysts in a Reuters news agency poll. In comparison, the country had experienced … Read more
The world of international trade is growing exponentially, and with it, the need for professionals trained to navigate the complex landscapes of global commerce. A degree in international business can be a stepping stone to a variety of career opportunities in this exciting field. What is an International Business Degree? An international business degree is … Read more
The potential move by Bolivia towards yuan-based international trade signifies a shift in Latin America’s economic relations, reflective of China’s expanding influence in the region. Embracing the Yuan: Bolivia’s New Trade Strategy Bolivian President Luis Arce, during a recent press conference, expressed a willingness to consider the Chinese yuan for international trade, following similar decisions … Read more