Emerging market focus: Global trade and its future !
The technology, trade liberalization, environmental friendly policies, and consumerism that brought the winds of change Over the past many years the developing world has adapted environmentally friendly high technology and focused on its high value added products, and standard of living resulting in a shift of manufacture of many low value added and energy intensive environmental hostile products to developing countries. The initial shift that happened about 15 years ago was to South East Asia, Korea and Taiwan, which created the Asian Tiger economies, and then manufacturing shifted to China. The low value added service activities, back office functions including software development was outsourced to India. The developing countries also experienced an increase in their population, income and consumption, while trade liberalisation took root with the preferential trade agreements (PTAs) and international treaties championed by World Trade Organization (WTO), which in tur...
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