Global export competitiveness is rapidly evolving. This column presents a novel granular decomposition of export market share changes into demand and supply effects. Applied to Germany, it reveals steep supply‑side losses in medium-/high‑tech and energy‑intensive goods driving recent market share declines. Meanwhile, China continues to gain competitiveness in medium-/high‑tech exports, even as adverse demand pulls […]
The most active corn contract on the Chicago Board of Trade (CBOT) was up 0.6% at $3.99-1/2 a bushel at 0931 GMT but on course for a weekly loss of about 1.5% Chicago corn futures rose on Friday but remained on track for a weekly loss, after larger estimates of U.S. and Brazilian crops showed […]
Expectations a closely-watched crop tour in the United States this week will boost expectations of large U.S. corn harvest also weakened corn Chicago soybean and corn futures fell on Monday, pressured by favourable U.S. weather and concerns over low export demand as trade tensions between the U.S. and top buyer China continued. Expectations a closely-watched […]
Trade uncertainty between the EU and the US – driven by the announcement of new tariffs and a volatile global economy – has raised concerns for EU businesses, workers, and policymakers. This column presents evidence on the sectoral and regional exposure of EU labour markets to exports to the US. In manufacturing – the sector […]
Trade with China displaced large parts of the American workforce in the 2000s, but Germany did not experience a similar shock at the time. This column argues that the ‘China shock’ has hit the German economy since 2020, particularly in its core automobile and machinery sectors. To avoid America’s painful de-industrialisation of the 2000s, Chinese […]
The most-active wheat contract on the Chicago Board of Trade was down 0.2% at $5.15-1/2 a bushel. Chicago wheat futures eased on Tuesday to approach their lowest since 2020 as seasonal supply pressure from Northern Hemisphere harvests weighed on the market. Corn edged down to set fresh contract lows, with steady U.S. crop conditions and […]
Faced with the prospect of the US government imposing higher trade tariffs, European consumers are rethinking what they buy. This column explores how European consumers are reacting to the 2025 US tariff hikes and the reasons behind their responses. European consumers are very willing to switch away from US products, and the more they earn, […]
There is growing recognition that the specific characteristics of services sectors and services trade have important environmental implications. For example, services trade can foster technological advancements and solutions that reduce the environmental footprint of economic activities. This column presents empirical evidence that reducing policy restrictions on imported services inputs lowers the emissions intensity of downstream […]
Global climate and biodiversity outcomes will largely be determined in emerging and developing economies (EMDEs). We propose a four-pillar strategy to support climate and nature preservation in line with the economic interests of both developing and advanced countries. This would move beyond voluntary pledges to embed climate and nature objectives into the structures of trade, […]
Three forces have always shaped globalisation – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in different directions. This column introduces a new eBook showing how this divergent acceleration creates transformation rather than retreat from globalisation. But it also generates acute tension between rapidly changing economic […]
