Hinrich Foundation Sustainable Trade Index 2018 launched at EWC conference
- Stephen Olson, Research Fellow, Hinrich Foundation
- Chris Clague, Managing Editor Asia & Global Editorial Lead, Trade and Globalization, Economist Intelligence Unit
- Dr Ponciano Intal Jr., The Economic Research Institute for ASEAN and East Asia (ERIA)
- Trade sustainability is rising in importance for multinational companies when making decisions about foreign direct investments (FDI) and sourcing. MNC’s are restructuring their supply chains to improve the sustainability of their operations.
- Yet, there is an alarming trend of economies in Asia, particularly the richer ones, broadly regressing in their trade sustainability – indicating a disconnect with corporate expectations.
- In the context of escalating trade tensions, trade sustainability is now more than ever critical to avoid further destabilizing our global trade system and for economies in Asia to continue reaping the benefits from trade.
- Asia’s commitment to trade-related growth and success appears stronger than ever. As such, Asia now finds itself in a unique position to help lead and sustain the global economy’s commitment to global trade, provided that it makes improvements on trade sustainability.
- Hong Kong edged out Singapore and South Korea to take the top spot on the index.
- Many of Asia’s wealthier economies, including South Korea, Singapore, Japan and Taiwan, though atop the overall rankings, saw their scores decline from 2016.
- Several middle-income countries such as Sri Lanka, China and Vietnam have leapfrogged the richer (in per-head terms) economies on the index.
About the author – Lauren Kyger Lauren Kyger is a Research Associate with the Hinrich Foundation where she focuses on international trade research. She is a Hinrich Foundation Global Trade Leader Scholar alumna, earning her Master’s degree in Global Business Journalism from Tsinghua University in Beijing. She received her Bachelor’s degree from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.