International trade: globalisation is not dead

Globalisation is not dead, contrary to recent claims. Nowhere is this more evident than in global trade, where high-growth trade corridors in Asia, Africa and the Middle East are set to outpace the global average by up to four percentage points. These regions will propel global trade from USD21 trillion to USD32.6 trillion by 2030. Intra-regional trade – particularly within ASEAN and East Asia – will be significant over the next decade, and high-growth routes will emerge between ASEAN and South Asia, and South Asia and Africa. Of the larger, longer-established players, China will remain a major contributor for both […]