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If as countries get richer they start to expand manufacturing & services, but then when (even) richer start to see a shift towards an emphasis on services, what does that mean for rich countries that currently still have large manufacturing sectors (like Germany for instance).

A structural account would suggest they will (too) pivot towards services, while those countries (held) in a poorer economic situation will continue to produce any goods we need....

1/2 (short thread)

#trade
Chart: The shift of jobs from agriculture to manufactures and, far more so, to services in quite general. Employment shares vs. GDP per head for a sample of 42 countries 1960-2011 

Shows as countries get richer agricultural employment tumbles....while manufacturing employment rises then falls as countries get even richer, while services employment continues to rise....

But there is a productivity issue here.... see post 2/2


"In his first term, Trump destroyed a US / CHINA ag trading partnership that took US farmers DECADES to grow."
- Aure

Donald Trump's first White House term saw a bruising trade war with China that left a lingering impact on farmers -- and many are bracing for further fallout as the President-elect threatens higher levies on Beijing.
#AureFreePress #News #press #headline #breaking #breakingnews #USA #China #trade

https://www.france24.com/en/live-news/20241110-us-farmers-gird-for-trade-wars-on-trump-tariff-pledges


#Morocco allowed Maersk Denver to dock at its ports after #Spain refused. #Maersk Denver is carrying military cargo heading to #Israel.

Trade between Morocco and Israel has increased by 97% since the start of the genocide in #Gaza.

#Politics #Trade #Complicity #BoycottIsrael #BDS #NoArmsForIsrael
@palestine group @israel group


The suggestion that Keir Starmer wants to make Brexit work and
to maintain & improve relations with the EU has been dealt a bit of a blow by failure to appoint MPs to the UK-EU Parliamentary Partnership Assembly which oversees both post-Brexit trade relations and acts as a bridge & contact point for the UK & EU outside the harsh diplomatic spotlight.

Certainly there are other appointments that have not been made either but this seems a serious omission.

#europe #trade
https://www.theguardian.com/world/2024/nov/10/labour-under-fire-for-failing-to-name-mps-for-key-eu-role


#US businesses are stock piling & predicting increases to #consumer #prices in preparation for #Trump’s #tariffs.

Trump’s election is already cascading through global #SupplyChains, where companies are grappling w/his vision for international #trade & huge tariffs on foreign products. Trump has floated a 10-20% #tax on most foreign products, & a 60% #tariff on goods from China—that would raise the surcharge American importers pay to a level not seen in generations.

https://www.nytimes.com/2024/11/08/us/politics/trump-tariffs-china.html?smid=nytcore-ios-share&referringSource=articleShare


The #Fed has satisfied its dual mandate of keeping #inflation & #unemployment low.

But the arrival at that finish line now coincides w/ #Trump’s promise to enact an entirely new #fiscal & #economic regime. While analysts are uncertain about how exactly that could materialize & how severe it might be, #markets have responded by selling off #bonds in anticipation of a return to inflation from a combo of Trump’s pro-*growth* & #combative #trade policies.

#economy #USpol
https://www.nbcnews.com/business/economy/federal-reserve-interest-rate-decision-november-2024-post-election-rcna179025


The Influence of Donald Trump’s 2024 Re-Election on Indian Politics and Indo-U.S. Relations.

https://aliyesha.com/sub/articles/news/display/al_influence_donald_trump_india_politics

#india #press #news #usa #america #donaldtrump #elections2024 #politics #china #quad #trade #visa #bjp #pmmodi

Enjoy tracker free reading with us. #privacy #privacymatters


DG Okonjo-Iweala urges trade ministers’ coalition to boost climate action through the WTO https://www.wto.org/english/news_e/news24_e/clim_25feb24_e.htm #trade #climate #WTO


#Introduction #Introductions

Dr Matthew Rimmer is a Professor in Intellectual Property and Innovation Law at the Faculty of Business and Law, at the Queensland University of Technology (QUT). He has published widely on copyright law and information technology, patent law and biotechnology, access to medicines, plain packaging of tobacco products, intellectual property and climate change, Indigenous Intellectual Property, and intellectual property and trade. He is undertaking research on intellectual property and 3D printing; the regulation of robotics and artificial intelligence; and intellectual property and public health (particularly looking at the coronavirus COVID-19). His work is archived at QUT ePrints, SSRN Abstracts, Bepress Selected Works, and Open Science Framework.

https://www.qut.edu.au/about/our-people/academic-profiles/matthew.rimmer
https://works.bepress.com/matthew_rimmer/
https://www.linkedin.com/in/drmatthewrimmer/
https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=358042
https://works.bepress.com/matthew_rimmer/

#auslaw #auspol #IP #copyright #trademark #plainpacks #patent #PBR #access2meds #tradesecrets #SDGs #climate #IndigenousIP #trade #TPP #3dprinting #robotics #innovation

Posts will also feature #books #music #film #TV #photography - some sport #AFL #football #socceroos #LFC #YNWA #basketball. There will also be the odd post about #dogs #labradors and #swimming


Australia enters 'endgame' free trade talks with European Union for a deal five years in the making https://www.abc.net.au/news/2023-10-29/trade-minister-resumes-talks-eu-free-trade-deal/103031192 via @ABCaustralia #trade #auspol #EU