Anthony Carroll

Filter By:

Topic

Recent Commentary

Essays

Africa Trade and Technology

by Anthony Carroll, Eric Obscherningvia Governance In An Emerging New World
Monday, January 14, 2019

It is perceived that economic nationalism has slowed the meteoric rise of global trade. Since the Uruguay Round created the World Trade Organization (WTO) in 1995, trade of goods and services has become a dominant feature in global economic growth. As a result, hundreds of millions of people in developing countries have graduated from subsistence living to middle-class status. The accession of China into the World Trade Organization in 2001 accelerated both the volume and character of global trade. By 2008, Global Value Chains (GVCs) have come to explain up to 70% of global trade volumes. GVCs optimize comparative advantage across borders and have enabled innovation in trade logistics and services technologies, in addition to a general WTO commitment by member states to facilitate trade.