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Trade & Investment
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- ComentarioEconomic Security
An economy that exports eleven percent of its output is hard to coerce
The Bureau of Economic Analysis puts exports at 11 percent of GDP. That number disappoints anyone who wants trade to be the growth engine and reassures anyone who thinks a trade fight is cheap. Both readings make the same mistake about what an average is.
- ExplicativoTrade & Investment
What an export credit agency does for a sale abroad
An export credit agency is a public body that takes on the risk a commercial bank will not, so that a domestic exporter can sell to a foreign buyer on credit. By the end you should be able to follow the transaction and see where the public exposure actually sits.
- ExplicativoTrade & Investment
What a tariff schedule actually is
A tariff is not a rate applied to an industry. It is a rate attached to a line in a legal taxonomy of goods. By the end of this you will know how a good gets its line, and why a duty on a component often never touches the component.