Asia-Pacific maritime trade remains the backbone of global flows
December 4, 2025
Globalisation is threatened as countries impose trade restrictions, especially against trading partners with large geopolitical differences. This feature gauges the impact of this development on trade flows using granular bilateral trade data across finely disaggregated sectors. We find that geopolitical distance – based on country votes at the United Nations – helps explain recent trade dynamics. The impact is sizeable: […]
