During the first quarter of 2023, world trade growth was positive for both goods and services, according to UNCTAD‘s latest Global Trade Update. Following a slowdown in the second half of 2022, world merchandise trade rebounded in both volume and value. In the first three months of 2023,
The United States moved up one position, from 10 to 9, in the World Competitiveness Ranking 2023, prepared by the Swiss-based Institute for Management Development (IMD). Within this indicator, the United States obtained the following results: in economic performance: domestic economy (5), international trade (32), foreign investment (1),
Mexico ranked 56th in the IMD‘s World Competitiveness Ranking 2023, one place less compared to the previous edition. On the one hand, its main improvements were in employment (long-term growth), labor force (also long-term growth), population growth, tourism revenues, commercial services exports, real GDP per capita growth, compensation
The state-owned copper company, Codelco, is the world’s largest copper producer, as well as Chile‘s largest company. While Codelco contributed $2.3 billion to government revenues in 2022, private mining contributed $4.6 billion in 2022. Under Chilean law, Codelco’s net profits are subject to a 40.0% excise tax, in
The number of semiconductor chips used in electric vehicles in the future may be up to three times higher than today, Taiwan’s Hon Hai projected. Already, semiconductors account for 30% of the cost of the entire vehicle, of which power semiconductors account for half. Hon Hai expects the
Brazil was the world leader in beef exports to China, with shipments of 7,526 million dollars, according to data from the Ministry of Economy. On a global scale, China is the largest importer of this product with a surprising growth from only 242 million dollars in 2012 to