The first cycle commodities eventually reaches it's peak at a particular time when the country is being developed. Second cycle commodities is what countries need when it moves to industrialization. The focus for business development is to wait when the right opportunity presents itself and look at it.
There is a consensus among eleven countries of Trans-Pacific Partnership who want to continue to promote open trade in a multilateral fashion. ASEAN continues to create an Asian economic community to promote free flow of trade and services, to better integrate a trade region, Asia-Pacific region into a 16-countries trading block.
Technologies let people to get cross different national borders and this trend is going against what protectionist is trying to do.
As people get more educated they might not want to do that kind of jobs anymore, they want to move up the value chain as well. And that was time to change. We made a decision to face out cheap manufacturing from our economy. And now we have a different kind of manufacturing: it is precision manufacturing, advanced manufacturing.
It is new era for trading industry. Markets are so transparent so people don’t have benefit of understanding one market against another one. If in previous era you could analyse market on monthly, weekly basis, now you need to do it almost on hourly basis.
The one can argue that manufacturing era for US is over. Bringing back these jobs, the value creation for these jobs is really small comparing to what e-commerce, what internet economy brings to US.
In partnership with Ulmart
In partnership with Egorov Puginsky Afanasiev & Partners
In partnership with P&G