Subscribe to our free, weekly email newsletter!



Learning from China’s export success

By Patrick Burnson, Executive Editor
August 06, 2010

The World Trade Organization is now lending its support to the fight against protectionist temptations of the kind that inevitably put governments under pressure in times of economic downturn.

“We have sought to do this by ensuring transparency in the measures taken by them to respond to the crisis,” said WTO Director-General Pascal Lamy. “I believe that although the record is not perfect, we have helped to keep significant outbreaks of protectionism at bay.  These efforts will become even more importat if there is any faltering in the recovery or if high levels of unemployment persist for too long.”

In some economies, including China, he noted, stimulus packages have been instrumental in preventing further deterioration in output while paving the way to recovery, even at the cost of inflating public deficits. Many developing countries have not been able to afford bailout packages for their ailing industries or stimulus packages, or the expansion of social safety nets to those who have lost their jobs.  Hence, most economies in the world, both developed and developing, urgently need other sources of growth — sustainable engines of growth.

“This is where trade can be an important part of the story, in the long-run as well as in the short to medium-term,” noted Lamay.

We agree that this is certainly a lesson we can draw from China’s remarkable export successes.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

While many industry analysts contend that distribution centers near U.S. East Coast ports will see a surge of new business after the Panama Canal expansion, real estate experts say this phenomena is already underway.

A new Government Accountability Office report on the effects of changes to truck driver hours of service rules has sparked a war of words between the American Trucking Associations and Federal Motor Carrier Safety Administration, the arm of the Transportation Department that is in charge of making those rules.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in May dropped 10.8 percent annually to $92.7 billion, following a 6.8 percent annual decline to $93.3 billion in April.

Carloads headed down 2.5 percent annually to 286,660, and intermodal containers and trailers remained on a growth path, up 2.3 percent to 270,952.

Rumors of transportation and logistics titan UPS acquiring Chicago-based transportation management services provider Coyote Logistics for $1.8 billion have become a reality, with UPS announcing today that the deal is now official.

Article Topics

Blogs · Trade · Exports · China · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA