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Globalization Report 2018: What about the NAFTA Countries?
Interconnectedness of the three countries beyond the FIFA World Cup 2026

The FIFA World Cup 2026 will take place in the three member states of the North-American Free Trade Area (NAFTA) – Mexica, Canada and the United States. This was officially announced today (June 13th, 2018). This huge event will certainly enhance the international interconnectedness of the three countries not only in the fields of sports, but also in many other areas. We take this as an occasion to look at the level of globalization the three NAFTA members have reached already and how much they have benefitted so far from increasing international interconnectedness. We base this analysis on our „Globalization Report 2018“ which we published last week (June 8th, 2018). More ...

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Globalization Report 2018: What about the BRICS countries?
Why are they not the main profiteers?

In terms of real gross domestic product (GDP) per capital, industrialized economies are the biggest winners of increasing globalization. Why are the BRICS countries (Brazil, Russia, India, China and South Africa) , some of which are regarded as the engines of globalization, not the main profiteers? This is the question we are looking into in this blog post. More ...

Donald Trump Donald Trump, Gage Skidmore

GED Explains: Import Tariffs vs. Import Quotas
Why Import Quotas have the Same Effects as Tariffs on Imports

The US government has postponed the introduction of punitive tariffs on European products such as steel and aluminium for the time being. But instead, they are now considering restricting the volume of exports from Europe through an import quota. In general, such import quotas have the same effects as tariffs on imports, leading to higher […] More ...

Stacks of shipping containers in the Port of Barcelona Igor Ovsyannykov

Consequences of Punitive Tariffs
What Does History Tell Us?

The historical examples show: politicians and bureaucrats initially find trade barriers to be a suitable means of protecting the domestic economy or certain sectors from foreign competition. However, the economy as a whole suffers over the long term. This also applies to the protected sectors: The necessary adjustments are not made there so international competitiveness continually declines. Compounding the problem, countermeasures adopted by the affected trading partners, cause additional damage to the domestic economy. More ...

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