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Effects of Trade Wars

The effects of trade wars reach far beyond markets and trade. They create uncertainty and affect investment confidence. Hence, the US-China trade war not only impacts these countries, but the health and integrity of the entire global system. How the Trade War Escalated In 2018, President Trump instituted tariffs and trade barriers to compensate for […]

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East Asia is the World’s Largest Economy at $29.6 Trillion USD, Including 4 of the Top 25 Countries Globally

East Asia contains the following countries: China, Hong Kong, Japan, Macau, South Korea and Taiwan. Since the late 1970s, China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. China accounts for 71.36% of East Asia’s GDP. According to the World Bank, “China has implemented reforms in a gradualist fashion, resulting […]

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Employment Spotlight: China Labor Laws Highlights

China has experienced an economic boom over the past decade. Massive increases in GDP output and continuous economic growth make it an attractive market. Over the past two years, however, the percentage of economic growth has slowed. Today, it remains steady at just over 6%. The decrease in growth has affected several sectors. Lower-wage workers are finding it difficult […]

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