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The churn in global trade

Tinkering at the margins, which is what tariff negotiations in bilateral trade deals represent, will do nothing to address the fundamental asymmetry in global value chains where most of the physical production is carried out by cheap labour in emerging markets even though the bulk of the profits of this work are harvested by companies located in advanced economies (AFP)
Published on May 20, 2025 08:01 PM IST

The rise of Anywhere City

The late 1990s and early 2000s saw the creation of Special Economic Zones, accelerating the construction of steel-and-glass towers. Mumbai, India’s financial capital, led this transformation. (Raju Shinde/HT Photo)
Published on May 05, 2025 05:48 AM IST
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