Importing and exporting takes place in nearly every country across the world. Everything from petroleum products to agriculture can be an import or an export, depending on the resources a country has and the resources it requires. The free trade of goods can be beneficial to consumers, but it can also hurt a nation’s economy.…
How Did the Dollarization of Ecuador Affect Trade?
In 2000, the Ecuadorian Sucre collapsed. The country stopped producing its currency and officially adopted the US dollar. While that did have some positive and negative impacts on the economy, how did the dollarization of Ecuador affect trade? Transaction Costs One of the most notable benefits of utilizing the US dollar is decreased transaction costs…
Economic Overview of Chile
According to Chile trade statistics, the country’s economic freedom score is at 75.2. This score makes the country’s economy the 19th freest based on the 2021 index. According to Chile trade statistics, the country’s overall rating fell by 1.6 points, mainly due to a slight drop in investment freedom. Within 32 countries located in the…
How to Find High-Quality International Suppliers
Picking the right international suppliers is about more than just finding the lowest price. While many buyers prioritize price above all else, you have to consider the overall level of service you’re getting. Issues related to factors like shipping and scalability could cost you more in the long run. So how do you find international…
Leveraging Trade Data for Better Investments
There’s always risk involved when investing. However, the days of putting money down on a whim or gut instincts are over. Data is available to help you make strategic decisions that protect your bottom line. Trade data, in particular, can help gauge company or market health. This blog will go over some ways you can…