International trade has been rightfully touted as an engine of economic growth, but its impact on the labor market might differ among different economies. Over the last few decades, China’s unsurpassable growth numbers have caught the world’s attention. The labor-intensive economy of China has been the focus of numerous international trade studies, with the impact […]
Summary: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) strives to deepen trade liberalization in goods and services among 11 countries in the Asia-Pacific region (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam). It aims to eliminate and reduce up to 98% of tariffs. However, three years after CPTPP […]
Summary: Intra-regional trade dependency is highly heterogeneous across the ASEAN-10 countries, with Laos being the most dependent with approximately 60% trade intensity with ASEAN-10, in terms of both export and import. Singapore’s export structure became less dependent on the ASEAN countries (from 30% to 25%) from 2018 to 2020. However, the import structure of Singapore […]
Notes: Effective applied tariff is sourced from TRAINS Database through WITS and is UNCTAD adjusted. GDP per capita is computed using output-side real GDP at current PPPs (in mil. 2017US$) and Population (in millions) from PWT10.0. Summary: This week’s chart displays the negative correlation between a country’s per capita income and the level of import […]
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