Summary of The Hinrich Foundation Sustainable Trade Index 2016

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International trade, a main contributor to economic growth, has significantly reduced the ranks of those living in extreme poverty. But as globalization continues, countries must also consider the impacts their trade practices have on their domestic economies, social structures and the environment. This study from the Economist Intelligence Unit uses a sustainable trade index to rank a group of Asian countries on how well they promote responsible trade. getAbstract recommends this informative report to executives and trade policy officials.

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The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Economic growth fueled by trade liberalization has done much to reduce conditions of dire poverty in the world. Yet trade carries serious downsides in areas such as labor standards and the environment. Countries need to consider the wider impacts of their policies. A new economic indicator, the Hinrich Foundation Sustainable Trade Index, ranks how well national practices advance the long-term health of three types of growth: “economic, social, and environmental” – or “profit, people and planet.” For example, exporting an essential commodity like oil can generate substantial income, but a single-commodity...


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