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Author: Rachel Fefer
Publisher: Createspace Independent Publishing Platform
ISBN: 9781542748919
Category :
Languages : en
Pages : 46
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Book Description
As the rules of global Internet develop and evolve, digital trade has risen in prominence on the global trade and economic agenda, but multilateral trade agreements have not kept pace with the complexities of the digital economy. The economic impact of the Internet was estimated to be $4.2 trillion in 2016, making it the equivalent of the fifth-largest national economy. According to one source, the volume of global data flows grew 45-fold from 2005 to 2014, faster than international trade or financial flows. Digital trade includes end-products like movies and video games and services such as email. Digital trade also enhances the productivity and overall competitiveness of an economy. According to the U.S. International Trade Commission, U.S. domestic and international digital trade added 3.4 - 4.8% ($517.1-$710.7 billion) to the U.S. gross domestic product (GDP) in 2011. The Department of Commerce found that in 2014, digitally delivered services accounted for more than half of U.S. services trade. The increase in digital trade also raises new challenges in U.S. trade policy, including how to best address new and emerging trade barriers. As with traditional trade barriers, digital trade constraints can be classified as tariff or nontariff barriers. In addition to high tariffs, barriers to digital trade may include localization requirements, cross border data flow limitations, intellectual property rights (IPR) infringement, unique standards or burdensome testing, filtering or blocking, and cybercrime exposure or state-directed theft of trade secrets. Congress has an important role to play in shaping global digital trade policy, from oversight of agencies charged with regulating cross-border data flows to shaping and considering legislation to implement new trade rules and disciplines through ongoing trade negotiations, and also working with the executive branch to identify the right balance between digital trade and other policy objectives, including privacy and national security.
Author: Rachel Fefer
Publisher: Createspace Independent Publishing Platform
ISBN: 9781542748919
Category :
Languages : en
Pages : 46
Get Book
Book Description
As the rules of global Internet develop and evolve, digital trade has risen in prominence on the global trade and economic agenda, but multilateral trade agreements have not kept pace with the complexities of the digital economy. The economic impact of the Internet was estimated to be $4.2 trillion in 2016, making it the equivalent of the fifth-largest national economy. According to one source, the volume of global data flows grew 45-fold from 2005 to 2014, faster than international trade or financial flows. Digital trade includes end-products like movies and video games and services such as email. Digital trade also enhances the productivity and overall competitiveness of an economy. According to the U.S. International Trade Commission, U.S. domestic and international digital trade added 3.4 - 4.8% ($517.1-$710.7 billion) to the U.S. gross domestic product (GDP) in 2011. The Department of Commerce found that in 2014, digitally delivered services accounted for more than half of U.S. services trade. The increase in digital trade also raises new challenges in U.S. trade policy, including how to best address new and emerging trade barriers. As with traditional trade barriers, digital trade constraints can be classified as tariff or nontariff barriers. In addition to high tariffs, barriers to digital trade may include localization requirements, cross border data flow limitations, intellectual property rights (IPR) infringement, unique standards or burdensome testing, filtering or blocking, and cybercrime exposure or state-directed theft of trade secrets. Congress has an important role to play in shaping global digital trade policy, from oversight of agencies charged with regulating cross-border data flows to shaping and considering legislation to implement new trade rules and disciplines through ongoing trade negotiations, and also working with the executive branch to identify the right balance between digital trade and other policy objectives, including privacy and national security.
Author: Rachel Fefer
Publisher: Createspace Independent Publishing Platform
ISBN: 9781540512666
Category :
Languages : en
Pages : 42
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Book Description
Completed in Summer of 2016, the subject of Congressional Research Service Report R44565 has become even more acute following the election of Donald Trump as United States president. How will Donald Trump's criticism of globalization and free trade agreements impact US global digital trade policy? As the rules of global Internet develop and evolve, digital trade has risen in prominence on the global trade and economic agenda, but multilateral trade agreements have not kept pace with the complexities of the digital economy. The economic impact of the Internet is estimated to be $4.2 trillion in 2016, making it the equivalent of the fifth-largest national economy. According to one source, the volume of global data flows grew 45-fold from 2005 to 2014, faster than international trade or financial flows. Congress has an important role to play in shaping global digital trade policy, from oversight of agencies charged with regulating cross-border data flows to shaping and considering legislation to implement new trade rules and disciplines through ongoing trade negotiations, and also working with the executive branch to identify the right balance between digital trade and other policy objectives, including privacy and national security. Digital trade includes end-products like movies and video games and services such as email. Digital trade also enhances the productivity and overall competitiveness of an economy. According to the U.S. International Trade Commission, U.S. domestic and international digital trade added 3.4 - 4.8% ($517.1-$710.7 billion) to the U.S. gross domestic product (GDP) in 2011. The Department of Commerce found that in 2014, digitally delivered services accounted for more than half of U.S. services trade. The increase in digital trade also raises new challenges in U.S. trade policy, including how to best address new and emerging trade barriers. As with traditional trade barriers, digital trade constraints can be classified as tariff or nontariff barriers. In addition to high tariffs, barriers to digital trade may include localization requirements, cross border data flow limitations, intellectual property rights (IPR) infringement, unique standards or burdensome testing, filtering or blocking, and cybercrime exposure or state-directed theft of trade secrets. Digital trade issues often overlap and cut across policy areas, including IPR and national security; this raises questions for Congress as it weighs different policy objectives. The Organization for Economic Cooperation and Development (OECD) points out three potentially conflicting policy goals in the Internet economy: (1) enabling the Internet; (2) boosting or preserving competition within and outside the Internet; and (3) protecting privacy and consumers more generally. While no comprehensive agreement on digital trade exists in the World Trade Organization (WTO), other WTO agreements do cover some aspects of digital trade. Recent bilateral and plurilateral agreements have begun to address digital trade rules and barriers more explicitly. For example, the potential Trans-Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (T-TIP), and plurilateral Trade in Services Agreement (TiSA) are expected to address digital trade to varying degrees. Digital trade norms are also being discussed in forums such as the Group of 20 (G-20), the OECD, and the Asia-Pacific Economic Cooperation (APEC), providing the United States with multiple opportunities to engage in and shape global developments.
Author: Rachel F. Fefer
Publisher:
ISBN:
Category : Electronic commerce
Languages : en
Pages : 39
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Book Description
Author:
Publisher:
ISBN:
Category : Electronic commerce
Languages : en
Pages : 36
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Book Description
Author: William A. Lovett
Publisher: Routledge
ISBN: 1317453174
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
Lovett (Tulane Law School), Eckes (a former commissioner of the U.S. International Commission during the Reagan and Bush I administrations), and Brinkman (international economics, Portland State U.) evaluate the evolution of U.S. trade policy, focusing on the period from the establishment of the Gen
Author: Ms.Longmei Zhang
Publisher: International Monetary Fund
ISBN: 1484389700
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
China’s digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower than in advanced economies, digitalization is already high in certain regions and sectors, in particular e-commerce and fintech, and costal regions. Such transformation has boosted productivity growth, with varying impact on employment across sectors. Going forward, digitalization will continue to reshape the Chinese economy by improving efficiency, softening though not reversing, the downward trend of potential growth as the economy matures. The government should play a vital role in maximizing the benefits of digitalization while minimizing related risks, such as potential labor disruption, privacy infringement, emerging oligopolies, and financial risks.
Author: United States. Office of the U.S. Trade Representative
Publisher:
ISBN:
Category : Foreign trade regulation
Languages : en
Pages : 140
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Book Description
Author: Robert K. Knake
Publisher: Council on Foreign Relations Press
ISBN: 9780876093931
Category :
Languages : en
Pages : 34
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Book Description
"More and more countries are being drawn into the Chinese model of state-controlled networks that limit privacy, build in the capacity for censorship, and provide the backbone for the surveillance state," Knake explains. By forming a digital trade zone among democracies, "the United States and its allies can create a compelling alternative to the authoritarian web," he writes. The author makes a number of recommendations for the U.S. government to create a digital trade zone, including: Establish a treaty organization to coordinate cybersecurity and law enforcement efforts. "Working with Canada and Mexico, the United States could establish such an organization under the auspices of USMCA [United States-Mexico-Canada Agreement], work out its functions, and then seek to draw in other countries to participate." Create a shared tariff and sanctions policy. "Trade zone members should agree to jointly sanction nonmember states that harbor cybercriminals or participate in banned activities." Create sustained funding for collective efforts. "The agreement should require each member state to contribute annual payments to the treaty organization." Involve nongovernmental stakeholders. "For the digital trade zone to achieve its goals, individual and corporate user groups, internet service providers, content service providers, software and hardware makers, and cybersecurity companies will all need to be involved." Clean up the open web. "A crucial part of this effort should be a sustained, coordinated effort to dismantle the infrastructure used by cybercriminals." Table the hardest issues. "Certain complicated issues in internet governance are unlikely to be resolved by trade negotiators and should be tabled to prevent stalling the formation of the trade zone." "The United States has a short window to draw Europe in and create a competing vision that would attract fence-sitters such as Brazil, India, and Indonesia, which have democratic traditions and are wary of Chinese hegemony on the web," warns Knake. "By tying access to the digital trade zone to obligations for cybersecurity, privacy, and law enforcement cooperation . . . the United States and its allies can force countries to choose between access to their markets or tight control of the internet in the Chinese model." "Securing an open, interoperable, secure, and reliable internet against threats from authoritarian regimes will likely require abandoning hope that such a network can be global," concludes Knake.
Author: Andrew H. Card
Publisher: Council on Foreign Relations
ISBN: 0876094418
Category : Business & Economics
Languages : en
Pages : 135
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Book Description
From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war
Author: Robert E. Baldwin
Publisher: University of Chicago Press
ISBN: 0226036537
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
The trade policies addressed in this book have far-reaching effects on the world's increasingly interdependent economies, but until now little research has been devoted to them. This volume represents the first systematic effort to analyze specific U.S. trade policies, particularly nontariff measures. It provides a better understanding of how trade policies operate, how effective they are, and what their costs and benefits are to trading nations. The contributors chart the history of U.S. trade policy since World War II, analyze industry-specific trade barriers, and discuss the effects of tariff preferences and export-promoting policies such as export credits and domestic international sales corporations (DISCs). The final section of essays examines the worldwide impact of import policies, pointing out subtleties in industry-specific policies and providing insight into the levels of protection in developing countries. The contributors blend state-of-the-art economics with language that is accessible to the business community, economists, and policymakers. Commentaries accompany each paper.
