Boosting trade capacity in poor countries sparks global economic growth surge
The article discusses ways to help poor countries improve their trade capacity. It suggests providing technical assistance in areas like trade policy awareness, implementing trade agreements, handling exports, and improving negotiation skills. The focus is on understanding the changing trade patterns of poorer countries, such as increased exports in countries like Bangladesh and Uganda. These countries are facing trade conflicts with wealthier nations, especially in industries like textiles. Poorer countries are also getting involved in outsourcing and trading more with other developing countries. There are new opportunities in services trade and potentially in electronic commerce in the future.