Podcast | Culture and the Creative Economy
Episode 1: Riding the Korean Wave
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Podcast | Shelter from the storm: Investing in the era of uncertainty
In the first episode in the "Shelter from the storm" series on economic, geopolitical and environmental challenges facing companies and markets today, our guests discuss the realignment of global supply chains and its effect on the economies and industries in Asia Pacific. They talk about ways in which investors can safeguard their portfolios and where they can find opportunities amid the turmoil.
The guests are:
Noli de Pala, CFA, Chief Investment Officer and Executive Director at TriLake Partners, Singapore Gareth Nicholson, Chief Investment Officer and Head of Discretionary Portfolio Management at Nomura International Wealth Management, Singapore.Shelter from the storm: Investing in the era of uncertainty is a five-episode series, sponsored by EquitiesFirst.
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Podcast | Privacy in Asia-Pacific
In this episode, Gillian Parker speaks to Yeong Zee Kin, deputy commissioner of Singapore’s Personal Data Protection Commission and Rama Vedashree, chief executive officer of Data Security Council of India, about the challenges in data privacy and how governments and the private sector can work together in Asia Pacific.
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A New Age Of Culture: The Digitisation of Arts and Heritage
For many years, the cultural sector remained one of the very few to be only lightly touched by the disruption that Internet- and mobile-driven changes were bringing to other industries and segments of society. That is no longer the case. Cultural institutions in much of the world are now busy deploying digital technologies and quickly trying to make up for lost time.
Based on data collected from 243 arts and heritage institutions, The Economist Intelligence Unit (EIU) assesses the progress of cultural digitisation in 22 countries.
Explore each country's performance with our interactive map>>
Podcast | China's food future
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Resetting the agenda: How ESG is shaping our future
The Covid-19 pandemic has exposed a wealth of interconnections – between ecological and human wellbeing, between economic and environmental fragility, between social inequality and health outcomes, and more. The consequences of these connections are now filtering through, reshaping our society and economy.
In this setting, the need to integrate environmental, social and governance (ESG) factors when investing has become even more critical. Institutional investors must employ ESG not just to mitigate risks and identify opportunities, but to engage with companies to bring about the positive change needed to drive a sustainable economic recovery in the post-Covid world.
In order to understand how ESG could be both a new performance marker and a growth driver in this environment, as well as how institutional investors are using ESG to make investment decisions and to assess their own performance, The Economist Intelligence Unit (EIU), sponsored by UBS, surveyed 450 institutional investors working in asset and wealth management firms, corporate pension funds, endowment funds, family offices, government agencies, hedge funds, insurance companies, pension funds, sovereign wealth funds and reinsurers in North America, Europe and Asia-Pacific.
Download the report and infographic to learn more.

Charting the course for ocean sustainability in the Indian Ocean Rim
Charting the course for ocean sustainability in the Indian Ocean Rim is an Economist Intelligence Unit report, sponsored by Environment Agency Abu Dhabi and the Department of Economic Development Abu Dhabi, which highlights key ocean challenges facing the Indian Ocean Rim countries and showcases initiatives undertaken by governments and the private sector in the region to address these challenges.
Click here to view the report.

Fixing Asia's food system
The urgency for change in Asia's food system comes largely from the fact that Asian populations are growing, urbanising and changing food tastes too quickly for many of the regions’ food systems to cope with. Asian cities are dense and are expected to expand by 578m people by 2030. China, Indonesia and India will account for three quarters of these new urban dwellers.
To study what are the biggest challenges for change, The Economist Intelligence Unit (EIU) surveyed 400 business leaders in Asia’s food industry. According to the respondents, 90% are concerned about their local food system’s ability to meet food security needs, but only 32% feel their organisations have the ability to determine the success of their food systems. Within this gap is a shifting balance of responsibility between the public and private sectors, a tension that needs to and can be strategically addressed.
The Hinrich Foundation Sustainable Trade Index 2020 - Workbook
International trade has helped to lift hundreds of millions of people around the world out of poverty, but the benefits do not come without risk. Right or wrong, labour disruption, environmental degradation, and worsening inequality are frequently associated with trade. However, proactive and responsible policy can harness the good elements of trade while mitigating the bad, making for a more robust global trading community.
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The Hinrich Foundation Sustainable Trade Index 2018
Yet the enthusiasm in Asia for trade does not appear to have waned. This broad societal consensus behind international trade has enabled Asian countries to continue broadening and deepening existing trading relationships, for example, by quickly hammering out a deal for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in early 2018 following the US’s withdrawal from its predecessor in 2017.
Asia, then, finds itself in the unique position of helping lead and sustain the global economy’s commitment to free and fair trade. It is in this context that the need for sustainability in trade is ever more crucial.
The Hinrich Foundation Sustainable Trade Index was created for the purpose of stimulating meaningful discussion of the full range of considerations that policymakers, business executives, and civil society leaders must take into account when managing and advancing international trade.
The index was commissioned by the Hinrich Foundation, a non-profit organisation focused on promoting sustainable trade. This, the second edition of the study, seeks to measure the capacity of 20 economies—19 in Asia along with the US—to participate in the international trading system in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and strengthened social capital. The index’s key findings include:
Countries in Asia, especially the richer ones, have broadly regressed in terms of trade sustainability. Hong Kong is developed Asia’s bright spot, recording a slight increase in its score and topping the 2018 index. Several middle-income countries perform admirably, led by Sri Lanka. For the economic pillar, countries generally performed well in terms of growing their labour forces as well as their per-head GDPs. For the social pillar, sharp drops for some countries in certain social pillar indicators contribute to an overall decline. For the environmental pillar, with deteriorating environmental sustainability in many rich countries, China, Laos and Pakistan are the only countries to record increases in scores. Sustainability is an ever more important determinant of FDI and vendor selection in choosing supply-chain partners. Companies are improving the sustainability of their supply chains by restructuring and broadening relationships with competitors and vendors.
Hinrich Foundation Sustainable Trade Index-Infographic
The Hinrich Foundation Sustainable Trade Index 2020
Sustainability was gaining more traction in the years leading up to the Covid-19 pandemic. Firms stepped up commitments to corporate social responsibility (CSR) initiatives. Investors started incorporating environmental, social and governance (ESG) issues into their asset allocation decisions. And consumers voted with their wallets to support sustainable production, purchasing goods with certified claims regarding their environmental impact and use of labour.
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Hinrich Foundation Sustainable Trade Index
International trade has become fundamental to economic growth and in doing so, has helped to lift hundreds of millions out of poverty. But it is not without costs and risks. The flow of goods and services across borders can disrupt labour markets, accelerate environmental degradation, and contribute to worsening inequality. With the right policies, these costs can be reduced, if not eliminated, and trade can become more sustainable.
The Hinrich Foundation Sustainable Trade Index was created for the purpose of stimulating meaningful discussion of the full range of considerations that policy makers, business executives, and civil society leaders must take into account when managing and advancing international trade. As a starting point, we define “trade sustainability”, or “sustainable trade,” as:
“Participating in the international trading system in a manner thatsupportsthe long-term domestic and global goals of economic growth, environmental protection, and strengthening social capital.
Read report in: English | 中文 | Tiếng ViệtView infographic in: English | 中文 | Tiếng Việt

The Hinrich Foundation Sustainable Trade Index 2018
Yet the enthusiasm in Asia for trade does not appear to have waned. This broad societal consensus behind international trade has enabled Asian countries to continue broadening and deepening existing trading relationships, for example, by quickly hammering out a deal for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in early 2018 following the US’s withdrawal from its predecessor in 2017.
Asia, then, finds itself in the unique position of helping lead and sustain the global economy’s commitment to free and fair trade. It is in this context that the need for sustainability in trade is ever more crucial.
The Hinrich Foundation Sustainable Trade Index was created for the purpose of stimulating meaningful discussion of the full range of considerations that policymakers, business executives, and civil society leaders must take into account when managing and advancing international trade.
The index was commissioned by the Hinrich Foundation, a non-profit organisation focused on promoting sustainable trade. This, the second edition of the study, seeks to measure the capacity of 20 economies—19 in Asia along with the US—to participate in the international trading system in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and strengthened social capital. The index’s key findings include:
Countries in Asia, especially the richer ones, have broadly regressed in terms of trade sustainability. Hong Kong is developed Asia’s bright spot, recording a slight increase in its score and topping the 2018 index. Several middle-income countries perform admirably, led by Sri Lanka. For the economic pillar, countries generally performed well in terms of growing their labour forces as well as their per-head GDPs. For the social pillar, sharp drops for some countries in certain social pillar indicators contribute to an overall decline. For the environmental pillar, with deteriorating environmental sustainability in many rich countries, China, Laos and Pakistan are the only countries to record increases in scores. Sustainability is an ever more important determinant of FDI and vendor selection in choosing supply-chain partners. Companies are improving the sustainability of their supply chains by restructuring and broadening relationships with competitors and vendors.
Hinrich Foundation Sustainable Trade Index-Infographic
The Hinrich Foundation Sustainable Trade Index 2018
Yet the enthusiasm in Asia for trade does not appear to have waned. This broad societal consensus behind international trade has enabled Asian countries to continue broadening and deepening existing trading relationships, for example, by quickly hammering out a deal for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in early 2018 following the US’s withdrawal from its predecessor in 2017.
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white paper
The Hinrich Foundation Sustainable Trade Index 2018
The 2018 Hinrich Foundation Sustainable Trade Index is an Economist Intelligence Unit index and benchmarking study

white paper
韩礼士基金会可持续贸易指数
2018

white paper
Chỉ số Thương mại Bền vững Hinrich Foundation
Chỉ số Thương mại Bền vững - Hinrich Foundation 2018 là một chỉ số được xây dựng bởi

infographic
The Hinrich Foundation Sustainable Trade Index 2018
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The Global Illicit Trade Environment Index 2018
To measure how nations are addressing the issue of illicit trade, the Transnational Alliance to Combat Illicit Trade (TRACIT) has commissioned The Economist Intelligence Unit to produce the Global Illicit Trade Environment Index, which evaluates 84 economies around the world on their structural capability to protect against illicit trade. The global index expands upon an Asia-specific version originally created by The Economist Intelligence Unit in 2016 to score 17 economies in Asia.
View the Interactive Index >> Download workbook

Breaking Barriers: Agricultural trade between GCC and Latin America
The GCC-LAC agricultural trading relationship has thus far been dominated by the GCC’s reliance on food imports, specifically meat, sugar, and cereals. Over the past two years, however, there has been a notable decline in the share of sugar imported from LAC, and 2017 saw the biggest importers in the GCC—Saudi Arabia and the UAE—impose a ban on Brazilian meat.
Market players on both sides of the aisle are keen to grow the relationship further, but there are hurdles to overcome. In this report, we explore in greater depth the challenges that agricultural exporters and importers in LAC and the GCC face. We consider both tariff and non-tariff barriers and assess key facets of the trading relationship including transport links, customs and certification, market information, and trade finance.
Key findings of the report:
GCC will need to continue to build partnerships to ensure a secure supply of food. Concerns over food security have meant that the GCC countries are exploring ways to produce more food locally. However, given the region’s climate and geology, food imports will remain an important component of the food supply. Strengthening partnerships with key partners such as those in LAC, from which it sourced 9% of its total agricultural imports in 2016, will be vital to food security in the region.
There is a wider range of products that the LAC countries can offer the GCC beyond meat, sugar and cereals. Providing more direct air links and driving efficiencies in shipping can reduce the time and cost of transporting food products. This will, in turn, create opportunities for LAC exporters to supply agricultural goods with a shorter shelf life or those that are currently too expensive to transport. Exporters cite examples such as berries and avocados.
The GCC can engage small and medium-sized producers that dominate the LAC agricultural sector by offering better trade financing options and connectivity. More direct air and sea links can reduce the cost of transporting food products, making it viable for smaller players to participate in agricultural trade. The existing trade financing options make it prohibitive for small and medium-sized players too. Exporters in LAC suggest that local governments and private companies in the GCC can offer distribution services with immediate payments to smaller suppliers at a discount.
Blockchain technology is poised to address key challenges market players face in agricultural trade. Through a combination of smart contracts and data captured through devices, blockchain technology can help to reduce paperwork, processing times and human error in import and export processes. It can improve transparency, as stakeholders can receive information on the state of goods and status of shipments in real time. Finally, it can help with food safety and quality management—monitoring humidity and temperature, for instance, along the supply chain can help to pinpoint batches that may be contaminated, minimising the need for a blanket ban on a product.

Resetting the agenda: How ESG is shaping our future
The Covid-19 pandemic has exposed a wealth of interconnections – between ecological and human wellbeing, between economic and environmental fragility, between social inequality and health outcomes, and more. The consequences of these connections are now filtering through, reshaping our society and economy.
In this setting, the need to integrate environmental, social and governance (ESG) factors when investing has become even more critical. Institutional investors must employ ESG not just to mitigate risks and identify opportunities, but to engage with companies to bring about the positive change needed to drive a sustainable economic recovery in the post-Covid world.
In order to understand how ESG could be both a new performance marker and a growth driver in this environment, as well as how institutional investors are using ESG to make investment decisions and to assess their own performance, The Economist Intelligence Unit (EIU), sponsored by UBS, surveyed 450 institutional investors working in asset and wealth management firms, corporate pension funds, endowment funds, family offices, government agencies, hedge funds, insurance companies, pension funds, sovereign wealth funds and reinsurers in North America, Europe and Asia-Pacific.
Download the report and infographic to learn more.
The Urban Transit Evolution
This new report, sponsored by Siemens UK, which reviews some of the urban mobility challenges facing well-established, congested cities. It provides a roadmap for city leaders to overcome these challenges, with a focus on factors to consider when making decisions around infrastructure projects and transport policies.
Key findings of the report include:
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Safe Cities Index 2019
Cities across the globe are growing in size and in terms of how connected they are. Which cities are best at keeping their citizens safe and how do they do it? An updated version of the Safe Cities Index 2017, the 2019 index covers 60 cities across the globe and defines how to measure security in a rapidly urbanising world.
Visit the Safe Cities hub for more interactive content >>

Five-star cities: Asia’s best cities for work and recreation
The 2019 bleisure barometer: Asia’s best cities for work and recreation evaluates the bleisure potential of various cities in Asia-Pacific, based on a survey of global business travellers. It reveals that while Asia’s top bleisure destinations provide the right balance of business activity, high-quality infrastructure and top-flight leisure experiences, many less obvious choices stand out for different reasons, often involving opportunities for cultural exchange.
The key findings are:
Tokyo is Asia’s best bleisure destination, ranking first out of 26 cities in the region. The Japanese capital is joined by Singapore, Sydney, Hong Kong and Melbourne as a “five-star” bleisure city, as determined by a quantitative barometer constructed for this programme, based on survey responses. Raw scores and number of stars may not correlate perfectly, as the former is an absolute measure and the latter a relative one (see appendix I for the full methodology of barometer and star scoring). Less-affluent cities comprise most of the one-star destinations, with notable exceptions. Business travel may prove arduous in the emerging metropolises of South and South-east Asia, but greater GDP is hardly the only predictor of a high bleisure score. New Delhi and Hanoi tie for second (alongside Beijing and Hong Kong) in the category measuring opportunities for cultural experiences, providing them a leg up over cities with stronger infrastructure and a bigger international business scene. Shanghai and Beijing, often criticised for their poor urban environments, rank highly on business aspects such as quality of international links and level of digital connectivity, helping them best more ostensibly liveable cities, including Auckland, Brisbane, Seoul, Taipei and Wellington, in the overall ranking. Wealthy Adelaide falls in the one-star category, dragged down by low scores for quality of food and beverage and opportunity for cultural experiences. Ease of transportation is the top urban factor in a successful business trip. Other key aspects include street safety and quality of business venues, according to our survey. Regional differences emerge in these findings, with Asian executives prioritising transportation, while Europeans are less concerned about safety than those hailing from elsewhere. Dining out and enjoying local heritage are the chief ways busy business travellers unwind. These two factors rank well ahead of the third-place finisher, visiting an art museum or gallery. Regional nuances crop up here too: Asian executives are less likely to frequent the local drinking scene and more inclined to visit an amusement park.The report, including full scoring and star bracket methodology, as well as an infographic and video, can be found at: https://fivestarcities.economist.com/

Flexible cities: The future of Australian infrastructure
As this report finds, cities need smarter and more flexible infrastructure to address these challenges— infrastructure that can make better use of existing space and resources, and that can adapt in accordance with uncertain, fast-moving future realities.
The idea of ‘flexible’ or future-proof cities is becoming more important. Imagine a roadway that works for today’s vehicles as well as tomorrow’s autonomous cars, an energy system that can provide reliable power despite spikes in usage (such as those that may come from greater adoption of electric cars), pylons that are mindful of overhead drones, a building that transforms depending on needs of its inhabitants, or an autonomous rail system that can double its capacity simply through changes to its operating algorithms.
Delivering infrastructure that is more responsive and flexible to future needs requires technological innovation as much as it does new approaches to planning, financing and procurement.
In this report, The EIU investigates the challenges facing cities and urban infrastructure in the near future, and the global trends and innovations in infrastructure that will be crucial in response. With an eye to international best practice, it focuses on the challenges and opportunities pertinent to Australia. Here, major cities are facing significant population growth forecasts that call into question their ability to continuously provide a high quality of life for their citizens. Challenges pertain to both meeting infrastructure need, and in delivering solutions, through effective planning, financing and collaboration, in time and on budget.
The key findings of the research include:
Australia is experiencing a number of growing pains. Population growth in cities is a universal trend—urban population is expected to rise by two-thirds by 2050 globally—but it is particularly acute in Australia, where cities must meet double or greater user demand without conflicting with the global targets set by the Paris Agreement and Agenda 2030. Such growth challenges the capacity and sustainability of cities’ infrastructure and the networks that connect them. Planners must also reckon with an ageing population, deteriorating infrastructure, adverse environmental change and evolving working patterns, altering the dynamics of how people operate in and navigate cities. A failure to respond to these challenges could result in declining economic productivity and threats to the quality of life for which Australian cities are renowned. To meet future demands, infrastructure builders across the globe are considering how they can expand the capacity of existing infrastructure and bolster the flexibility of new works. Updated networks like roads, railways and pipelines often need to accommodate twice their original usage demand without changing their physical footprint. The effective adoption of digital technology will be key to this transformation, such as updating metro systems with driverless trains and automatic controls, informed by large amounts of real-time data, to allow a more efficient use of capacity. Water and energy supply systems must also prove reliable in the face of natural disasters, shifts in market prices (such as oil or gas price shocks) or changes to supply sources (backups for solar generation, for example). New technological techniques and applications can help builders work more quickly, safely and cost-effectively. The design, construction and maintenance of infrastructure projects are increasingly driven by digital technologies, unlocking cost and time savings in building roads, railways and entire city centres. The cost and energy required to build with the highest safety margins could be reduced by remote monitoring through embedded sensors. Efficient, low-impact construction techniques will be important to reduce the disruption that construction and repairs have on metropolitan areas, too. Stakeholders are increasingly reliant on data to plan, build and optimise projects. Data generated by citizens and connected infrastructure are increasingly critical in delivering and operating smarter cities. Governments and infrastructure providers increasingly benefit from adding this data to their modelling and scenario planning. Open data can also allow citizens and third parties to solve problems or invent new applications that benefit all, from crowdsourcing potholes or reporting crime, to building new navigation apps. Australia’s state and federal governments, citizens, and commercial partners are still grappling with data ownership issues, but all are working to address the challenges. Mature financing and procurement practices help Australia attract international investment. Attractive markets encourage international competition for infrastructure procurement. Indeed, many of today’s projects are contracted to international players who bring advanced, ambitious proposals to government. And as demand for more advanced, flexible projects rises, players are increasingly presenting envelope-pushing approaches to win bids. Collaboration between governments, universities and commercial players is increasing, sparking innovation. Universities are playing a larger role in the advancement and application of infrastructure technology by partnering with private companies and government. New forms of collaboration are also more apparent among federal, state and local governments, and between governments and the private sector, potentially easing the problems posed by the historically disjointed nature of decision-making and long-term planning on major infrastructure. Australia has a strong record of robust infrastructure investment. Its leaders, institutions and businesses have identified the urgency and importance of responsible and smart infrastructure initiatives. As a result, Australia is well placed to wrestle with the challenges it faces, and, as it navigates infrastructure challenges earlier and with greater urgency than some other countries, could be a model for how other countries—in the OECD and in Asia-Pacific—can build smarter, more flexible, next-generation infrastructure in their cities.
Can global coordination stabilise food price volatility?
The Food and Agriculture Organisation’s (FAO) Food Price Index,a monthly measure of food price changes, averaged 127.2 points in April 2023. This is down 31.2 points (19.7%) from April 2022 [1].
18122
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The Hinrich Foundation Sustainable Trade Index 2018
Yet the enthusiasm in Asia for trade does not appear to have waned. This broad societal consensus behind international trade has enabled Asian countries to continue broadening and deepening existing trading relationships, for example, by quickly hammering out a deal for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in early 2018 following the US’s withdrawal from its predecessor in 2017.
Asia, then, finds itself in the unique position of helping lead and sustain the global economy’s commitment to free and fair trade. It is in this context that the need for sustainability in trade is ever more crucial.
The Hinrich Foundation Sustainable Trade Index was created for the purpose of stimulating meaningful discussion of the full range of considerations that policymakers, business executives, and civil society leaders must take into account when managing and advancing international trade.
The index was commissioned by the Hinrich Foundation, a non-profit organisation focused on promoting sustainable trade. This, the second edition of the study, seeks to measure the capacity of 20 economies—19 in Asia along with the US—to participate in the international trading system in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and strengthened social capital. The index’s key findings include:
Countries in Asia, especially the richer ones, have broadly regressed in terms of trade sustainability. Hong Kong is developed Asia’s bright spot, recording a slight increase in its score and topping the 2018 index. Several middle-income countries perform admirably, led by Sri Lanka. For the economic pillar, countries generally performed well in terms of growing their labour forces as well as their per-head GDPs. For the social pillar, sharp drops for some countries in certain social pillar indicators contribute to an overall decline. For the environmental pillar, with deteriorating environmental sustainability in many rich countries, China, Laos and Pakistan are the only countries to record increases in scores. Sustainability is an ever more important determinant of FDI and vendor selection in choosing supply-chain partners. Companies are improving the sustainability of their supply chains by restructuring and broadening relationships with competitors and vendors.
The Global Illicit Trade Environment Index 2018
To measure how nations are addressing the issue of illicit trade, the Transnational Alliance to Combat Illicit Trade (TRACIT) has commissioned The Economist Intelligence Unit to produce the Global Illicit Trade Environment Index, which evaluates 84 economies around the world on their structural capability to protect against illicit trade. The global index expands upon an Asia-specific version originally created by The Economist Intelligence Unit in 2016 to score 17 economies in Asia.
View the Interactive Index >> Download workbook

Breaking Barriers: Agricultural trade between GCC and Latin America
The GCC-LAC agricultural trading relationship has thus far been dominated by the GCC’s reliance on food imports, specifically meat, sugar, and cereals. Over the past two years, however, there has been a notable decline in the share of sugar imported from LAC, and 2017 saw the biggest importers in the GCC—Saudi Arabia and the UAE—impose a ban on Brazilian meat.
Market players on both sides of the aisle are keen to grow the relationship further, but there are hurdles to overcome. In this report, we explore in greater depth the challenges that agricultural exporters and importers in LAC and the GCC face. We consider both tariff and non-tariff barriers and assess key facets of the trading relationship including transport links, customs and certification, market information, and trade finance.
Key findings of the report:
GCC will need to continue to build partnerships to ensure a secure supply of food. Concerns over food security have meant that the GCC countries are exploring ways to produce more food locally. However, given the region’s climate and geology, food imports will remain an important component of the food supply. Strengthening partnerships with key partners such as those in LAC, from which it sourced 9% of its total agricultural imports in 2016, will be vital to food security in the region.
There is a wider range of products that the LAC countries can offer the GCC beyond meat, sugar and cereals. Providing more direct air links and driving efficiencies in shipping can reduce the time and cost of transporting food products. This will, in turn, create opportunities for LAC exporters to supply agricultural goods with a shorter shelf life or those that are currently too expensive to transport. Exporters cite examples such as berries and avocados.
The GCC can engage small and medium-sized producers that dominate the LAC agricultural sector by offering better trade financing options and connectivity. More direct air and sea links can reduce the cost of transporting food products, making it viable for smaller players to participate in agricultural trade. The existing trade financing options make it prohibitive for small and medium-sized players too. Exporters in LAC suggest that local governments and private companies in the GCC can offer distribution services with immediate payments to smaller suppliers at a discount.
Blockchain technology is poised to address key challenges market players face in agricultural trade. Through a combination of smart contracts and data captured through devices, blockchain technology can help to reduce paperwork, processing times and human error in import and export processes. It can improve transparency, as stakeholders can receive information on the state of goods and status of shipments in real time. Finally, it can help with food safety and quality management—monitoring humidity and temperature, for instance, along the supply chain can help to pinpoint batches that may be contaminated, minimising the need for a blanket ban on a product.
Unlocking the potential of the anywhere economy
The ability to work, socialise, and conduct personal and business activities online presents endless possibilities. Our understanding of its impacts on businesses, economies and the planet is still evolving. Our study shows that, overall, both executives and consumers are confident that the anywhere economy will improve economic conditions and personal lives. They also believe that embedding digitalisation in daily life can help overcome some of the inequities of modern life and accelerate the planet’s decarbonisation process.
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The Hinrich Foundation Sustainable Trade Index 2018
Yet the enthusiasm in Asia for trade does not appear to have waned. This broad societal consensus behind international trade has enabled Asian countries to continue broadening and deepening existing trading relationships, for example, by quickly hammering out a deal for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in early 2018 following the US’s withdrawal from its predecessor in 2017.
Asia, then, finds itself in the unique position of helping lead and sustain the global economy’s commitment to free and fair trade. It is in this context that the need for sustainability in trade is ever more crucial.
The Hinrich Foundation Sustainable Trade Index was created for the purpose of stimulating meaningful discussion of the full range of considerations that policymakers, business executives, and civil society leaders must take into account when managing and advancing international trade.
The index was commissioned by the Hinrich Foundation, a non-profit organisation focused on promoting sustainable trade. This, the second edition of the study, seeks to measure the capacity of 20 economies—19 in Asia along with the US—to participate in the international trading system in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and strengthened social capital. The index’s key findings include:
Countries in Asia, especially the richer ones, have broadly regressed in terms of trade sustainability. Hong Kong is developed Asia’s bright spot, recording a slight increase in its score and topping the 2018 index. Several middle-income countries perform admirably, led by Sri Lanka. For the economic pillar, countries generally performed well in terms of growing their labour forces as well as their per-head GDPs. For the social pillar, sharp drops for some countries in certain social pillar indicators contribute to an overall decline. For the environmental pillar, with deteriorating environmental sustainability in many rich countries, China, Laos and Pakistan are the only countries to record increases in scores. Sustainability is an ever more important determinant of FDI and vendor selection in choosing supply-chain partners. Companies are improving the sustainability of their supply chains by restructuring and broadening relationships with competitors and vendors.
The Global Illicit Trade Environment Index 2018
To measure how nations are addressing the issue of illicit trade, the Transnational Alliance to Combat Illicit Trade (TRACIT) has commissioned The Economist Intelligence Unit to produce the Global Illicit Trade Environment Index, which evaluates 84 economies around the world on their structural capability to protect against illicit trade. The global index expands upon an Asia-specific version originally created by The Economist Intelligence Unit in 2016 to score 17 economies in Asia.
View the Interactive Index >> Download workbook

Breaking Barriers: Agricultural trade between GCC and Latin America
The GCC-LAC agricultural trading relationship has thus far been dominated by the GCC’s reliance on food imports, specifically meat, sugar, and cereals. Over the past two years, however, there has been a notable decline in the share of sugar imported from LAC, and 2017 saw the biggest importers in the GCC—Saudi Arabia and the UAE—impose a ban on Brazilian meat.
Market players on both sides of the aisle are keen to grow the relationship further, but there are hurdles to overcome. In this report, we explore in greater depth the challenges that agricultural exporters and importers in LAC and the GCC face. We consider both tariff and non-tariff barriers and assess key facets of the trading relationship including transport links, customs and certification, market information, and trade finance.
Key findings of the report:
GCC will need to continue to build partnerships to ensure a secure supply of food. Concerns over food security have meant that the GCC countries are exploring ways to produce more food locally. However, given the region’s climate and geology, food imports will remain an important component of the food supply. Strengthening partnerships with key partners such as those in LAC, from which it sourced 9% of its total agricultural imports in 2016, will be vital to food security in the region.
There is a wider range of products that the LAC countries can offer the GCC beyond meat, sugar and cereals. Providing more direct air links and driving efficiencies in shipping can reduce the time and cost of transporting food products. This will, in turn, create opportunities for LAC exporters to supply agricultural goods with a shorter shelf life or those that are currently too expensive to transport. Exporters cite examples such as berries and avocados.
The GCC can engage small and medium-sized producers that dominate the LAC agricultural sector by offering better trade financing options and connectivity. More direct air and sea links can reduce the cost of transporting food products, making it viable for smaller players to participate in agricultural trade. The existing trade financing options make it prohibitive for small and medium-sized players too. Exporters in LAC suggest that local governments and private companies in the GCC can offer distribution services with immediate payments to smaller suppliers at a discount.
Blockchain technology is poised to address key challenges market players face in agricultural trade. Through a combination of smart contracts and data captured through devices, blockchain technology can help to reduce paperwork, processing times and human error in import and export processes. It can improve transparency, as stakeholders can receive information on the state of goods and status of shipments in real time. Finally, it can help with food safety and quality management—monitoring humidity and temperature, for instance, along the supply chain can help to pinpoint batches that may be contaminated, minimising the need for a blanket ban on a product.
The covid-19 pandemic cannot be seen solely as a global health crisis; the impact on the health, livelihoods and functioning of individuals and global economies deems it a humanitarian and economic crisis. It is estimated that an additional half a billion people have fallen into poverty due to the pandemic [1].
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Championing Inclusivity: progress towards good health for all
In the UK for example, black women are four times more likely than white women to die in childbirth. Furthermore, babies that are black or black-British, Asian or Asian-British have a more than 50% higher risk of perinatal mortality, compared to white-British babies.
Typically, people with the highest incomes from dominant or majority groups enjoy the best health and the most years of their lives in good health—while people with lower incomes from marginalised groups are most vulnerable to morbidity and mortality. There is a need to think dynamically about the role of structural barriers and sociocultural influences and how they impact holistic health:this is where inclusivity in health comes in. It’s about challenging us to think differently about health: exploring new partnerships, better understanding of what good health means to the different communities within our societies, engaging with the public and thinking outside the box to bring new stakeholder groups into action.
In October we launched the Health Inclusivity Index, developed by Economist Impact and supported by Haleon. The first edition of a three-year research program assessing the state of health inclusivity in an initial 40 countries, based on three domains: health in society, inclusive health systems, and community and individual empowerment. I had the pleasure of sharing a stage with influential opinion leaders during the launch event–organised by Haleon at the Wellcome Collection—where we discussed how inclusivity is essential to better health for all. We explored the role of policy in facilitating collaboration to improve health and removing structural barriers to accessing care, and the critical need to match policy with structured implementation mechanisms.
The majority (93%) of countries in our index recognise health as a human right; only Jordan, the UAE, and the US fail to do so. All but seven countries also recognise that health (as a human right) means more than access to healthcare and includes access to safe drinking water, sanitation, food, housing and other requirements for a health-promoting environment. Despite this one in five countries have exclusionary policies or practices that explicitly restrict access to healthcare for certain groups or individuals. Six of these eight countries are also countries who claim to recognise health as a human right. Professor David Napier, professor of medical anthropology at University College London, introduced the concept of defining “who we, (the population) are”. He highlighted that governments must define “we” and this is often narrowly focused on the majority, leaving those who fall outside of this definition of ‘we’ without access to social services.
According to our findings there is a clear role for inclusivity in improving health and plugging the inequitable gap in outcomes for the most vulnerable. While life expectancy has improved globally, healthy life expectancy has not, meaning we are living more of our life in poor health. Countries with a higher inclusivity index have populations that live for longer in better health.
We know that inclusivity goes beyond the provision of services. Barriers to health prevent individuals within a population from accessing services, even when they are readily available. Services that are free at the point of use are not inclusive if they are under-resourced, low in quality, have limited hours of service, do not cater to language differences and require long-distance travel. Baroness Tanni Grey-Thompson, a member of House of Lords, detailed how under-resourced they are and therefore lack the capacity to effectively respond to the overwhelming number of public requests.
People need the capacity to engage with and influence their health, recognising that many barriers are outside of their control. Examples include being time poor - lacking the time to exercise or prepare healthy food and having a job that does not pay for time off to seek healthcare. Language barriers and limited literacy skills,—particularly health literacy and the ability to understand health information. Domain 3 of our index, “Community, and Individual Empowerment”, emerged as the strongest driver of inclusivity. Countries that prioritised empowering local communities—removing these socio-cultural barriers—and placing individuals at the centre of service delivery, were among the highest-scoring for health inclusivity. Eight of the top ten scoring countries achieve their highest score in this domain. Beyond this, Domain 3 has the strongest correlation with overall inclusivity score, indicating that it is the best predictor of a country’s overall score in the index.
People need the capacity to engage with and influence their health, recognising that many barriers are outside of their control. Examples include being time poor - lacking the time to exercise or prepare healthy food and having a job that does not pay for time off to seek healthcare. Language barriers and limited literacy skills,—particularly health literacy and the ability to understand health information. Domain 3 of our index, “Community, and Individual Empowerment”, emerged as the strongest driver of inclusivity. Countries that prioritised empowering local communities—removing these socio-cultural barriers—and placing individuals at the centre of service delivery, were among the highest-scoring for health inclusivity. Eight of the top ten scoring countries achieve their highest score in this domain. Beyond this, Domain 3 has the strongest correlation with overall inclusivity score, indicating that it is the best predictor of a country’s overall score in the index.
What should be done?
Don’t stop campaigning for universal health coverage and the social determinants of wellbeing —they are critical to expanding access to healthcare particularly for the most vulnerable
Empower communities and enable self-agency:an effective approach to expanding access to whole health. During our discussions, Katy Jon Went, head of methodology at the Human Library, reminded us at the event of the “need to humanise the data” recognising that there are individuals, communities and societies behind the numbers
Work from the outside in. By deliberately supporting vulnerable groups, you will help improve health for all and remove structural barriers that mostly impact the minority
Pull in the same direction: elevate the importance of coordination to achieve common goals
Advocate for high-quality data collection, and “real-world evidence” for inclusivity
Nations must tackle all three domains of the Health Inclusivity Index to achieve an inclusive system that promotes universal wellbeing . The Health Inclusivity Index provides the first ever quantitative measure of inclusivity, but also provides a framework for countries to pull levers that drive inclusivity and improve health for all. For more information, explore the Health Inclusivity Index Hub and white paper.

Personalised healthcare for billions: Communication challenges in the post...
Personalised healthcare for billions: Communication challenges in the post covid-19 age is a report written by Economist Impact and commissioned by WhatsApp.
Understanding the healthcare communications methods that worked during the covid-19 pandemic, and the new and innovative approaches and digital tools that facilitated this, can help guide the development of an improved approach to healthcare communications in the future. The experience of governments in managing complex healthcare challenges, such as mass vaccinations, while combating misinformation and ensuring data privacy, also provide key insights to guide the development of further digitalisation of healthcare communications and services.
Key findings from this project include:
Effective healthcare communications is critical. Beyond its sizeable physical impact, covid-19 revealed how vulnerabilities in healthcare systems have implications for health, economic progress, trust in governments, and social cohesion. It also highlighted the importance of healthcare communications to overall health among populations, and its impact on trust and national structures. Transformation of healthcare communications requires support. The need for digitalisation of healthcare communications during the pandemic shows that governments, and public and private healthcare organisations, must drive transformation through funding and access to innovation. This will ensure that the healthcare communications lessons from the pandemic are not lost, and better prepare systems to be resilient in order to respond effectively and help protect lives during future pandemics. Cooperation is key. As well as funding and guidance, partnerships between different levels of government, between governments and technology companies, and with nongovernment organisations and stakeholder groups are vital to provide an ecosystem that supports and encourages the longterm positive transformation of healthcare communications. Fundamental communications principles remain. Digitalisation enables new ways of communicating and engaging with healthcare information and services, but the fundamentals of targeting an audience, crafting reliable, trusted messages, and keeping things clear and simple remain. Humans remain at the heart of healthcare communications, and fostering their development is just as important as improving digital technology. More research is required. Investment in and development of digital tools like chatbots and telehealth that facilitate healthcare communications and services are expanding rapidly, often without sufficient evidence that these tools are effective. Further research is required into the pros and cons of such services before they are fully embraced by healthcare organisations.Economist Impact would like to thank the interviewees who generously offered their time and insights, including:
Shri Abhishek Singh: President & Chief Executive Officer, NeGD and MyGov, and Managing Director, Digital India Corporation Setiaji Setiaji: Chief of Digital Transformation Office, Ministry of Health of the Republic of Indonesia Diego Fernandez: Secretary of Innovation & Digital Transformation, City of Buenos Aires, Argentina Noella Bigirimana: Deputy Director General, Rwanda Biomedical Centre Dr Genya Dana: Global Head of Health Policy, Avellino, and former Head of Health and Healthcare, The World Economic ForumThe findings and views expressed in this report are those of Economist Impact and do not necessarily reflect the views of survey respondents, interviewees or the project sponsor.

Five important questions for health in a post-pandemic world
How will digital health evolve? Will cost containment come back? Are we prepared for the next pandemic? Will mental health remain as a priority? These are common questions Economist Impact gets from stakeholders in health, nearly two-and-a-half years since covid-19 first dominated the world’s agenda. While it’s challenging to separate passing fads from long-term drivers, there are clear themes that will rightly shape the future of health. However, the path each takes is not predetermined—at least not yet.
Here are five important trends we are tracking in a post-pandemic world of health:
Is covid-19 really over?
In most of the world, the pendulum has already swung from one end to the other and back again with responses to covid-19. Long periods of strict mask adherence, widespread testing and restrictions on social interaction have given way to activities that are nearing pre-pandemic levels. A reason for this shift is due to human nature, where the combination of exhaustion and desire for normalcy drive current behaviors. However, another factor stems from changing perceptions about the virus, levels of risk posed and the anticipated movement to endemic status.
There are positive signs, such as the ratio of cases to hospitalisations and the effectiveness of vaccines, indicating a different stage in the covid-19 evolution, but it’s also clear the path forward will be both uneven and unpredictable. Countries employed varying tactics during the pandemic, from “zero-covid” strategies in China and New Zealand to a mixed-policy approach in America and the UK, but all have experienced similar or worse metrics this month, than a year before. Also, with mounting evidence about long-term health concerns for those with prior infections, we are likely to see more—not fewer— risks in the near future.
In this sense, there is a need for a balanced approach moving forward. Instead of “learning to live”with the virus, affected stakeholders—health, economic, societal—can seek out nuanced policies and integrated actions to mitigate future threats. The scars of the recent past should also spur proactive monitoring and preparation as frantic, reactive efforts across the world have already proven too costly. As covid-19 maintains an active presence, these actions allow for a greater chance of success and will also foster an environment better placed to deal with future pandemics.
What to do with the silent pandemic?
Many health experts argue that another major crisis had been prevalent before covid-19, but its slow-building nature ensured it did not attract nearly as much attention. The “silent pandemic”of non-communicable diseases (NCDs)—diabetes, cancer, respiratory and cardiovascular conditions—had plagued advanced and emerging economies for decades. This stems from a combination of underlying lifestyle choices and ageing populations. While progress had been made, countries were still falling behind targets such as Sustainable Development Goal (SDG) 3.4 and the reduction of premature deaths from NCDs.
The pandemic not only halted progress but led to regression: postponement of public health screenings, disruptions in quality treatments, lower patient engagement, worsening healthy behaviors and overstretched healthcare workforce. In the past year, as much of the world has attempted to return to past care dynamics, these factors have led to a “double burden” with NCDs, where the backlog of cases weighing down fragile health systems is putting the “silent pandemic” on an even more precarious path.
Tackling this will be an ongoing effort for years to come. However, positive ramifications from the pandemic—new tools in health, better understanding of wellbeing, active support from outside of health systems—can lead to improved interventions and outcomes. A pertinent example is the current dialogue and action around mental health—in the workplace, in communities and the mainstream media— raising awareness and promoting openness to combat a critical issue. Sustaining that trend across different NCDs could lead to lasting change.
What will technology’s role be in the future health ecosystem?
Technology has long offered great potential for health; the challenge has not been generating innovative ideas, but translating them into real-world solutions. The pandemic experience—either through necessity or real progress—has in part bridged the existing gap, providing a clear roadmap for the application of tools such as “augmented intelligence” in proactive decision-making. This type of problem-solving goes beyond health, intersecting with societal challenges such as ensuring the important principle of medical neutrality in conflict zones.
The question of who will lead the way in generating impactful solutions remains. For years, expectations have been high for technology firms increasing their health presence, yet measured impact has been inconsistent at best. However, the pandemic has accelerated this movement with Alphabet’s growing investment in health and Amazon’s recent acquisition of a US primary care entity.. This trend is expected to continue, especially as the technology industry applies lessons from its role in the pandemic response towards more mainstream healthcare needs.
Where is health’s voice in the sustainability movement?
Health is intertwined with one of the world’s most important movements: the urgent need for global action towards a more sustainable planet. The recent heatwave across many parts of the world is another reminder of the importance of sustainability efforts and its relationship with health. As Natalia Kanem from the United Nations Population Fund (UNFPA) aptly stated at last year’s World Health Summit, “climate change affects poverty, affects hunger, certainly affects health”.
Acting upon that clear and logical connection will be a critical area of focus for health. From more eco-friendly healthcare supply chains, to access to sustainable food systems for balanced diets, a multitude of opportunities exist for stakeholders to assume greater leadership. Not only will health further strengthen the need for increased investment and attention on this issue, a “health in all policies” approach will also ensure a holistic, societal view around sustainability goals.
Will the pandemic foster a new age or will we revert to past norms?
One of the most critical lessons from the pandemic is found throughout history—the power of collective action and singular focus on a shared goal. In the case of covid-19, this was manifested through numerous collaborations: vaccine development and distribution, research and public health communication and societal interventions to slow the spread of a dangerous new virus. Actors that embraced a dedication to the “common good” instead of individual objectives, generated clear results: findings from an Economist Impact study on pandemic response is one example of many that identified stakeholder collaboration as a vital element of success.
The opportunity exists to employ the same tactic for the biggest issues that rose in importance following the pandemic: health equity, sustainable innovation and holistic wellness. Underpinning this window for seismic change is a greater recognition from actors in health and society that known problems in health require new approaches. That recognition, along with existing models of success, such as a cross-sectoral group of actors working together for healthy ageing, offer a roadmap to replicate in the future.
Tackling these issues requires the same collaborative spirit and long-run view; two dynamics that are difficult to maintain beyond moments of crisis. Indeed, a return to short-term focused, incentive-driven and siloed activity in health is likely. To ensure the window is not lost, it is vital to reframe the benefits of wellness in a way that aligns shared goals between a wider group of actors. The vision laid out by business leaders, who increasingly see health as a strategic imperative, is a signal of a larger paradigm shift in how we can collectively work towards a world of better health for all.
Balancing government budgets amid uncertainty
The past three years have given rise to a series of shocks that have affected geopolitics and global economics. Developments such as the US-China trade tensions, the covid-19 pandemic and the war in Ukraine are weighing heavily on governments’ budgets. Government responses to such shocks have led to public borrowing and spending on an unprecedented scale. Traditional government budgetary processes have also been upended in response to these shocks, leading to more agility, but less transparency.
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The Hinrich Foundation Sustainable Trade Index 2018
Yet the enthusiasm in Asia for trade does not appear to have waned. This broad societal consensus behind international trade has enabled Asian countries to continue broadening and deepening existing trading relationships, for example, by quickly hammering out a deal for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in early 2018 following the US’s withdrawal from its predecessor in 2017.
Asia, then, finds itself in the unique position of helping lead and sustain the global economy’s commitment to free and fair trade. It is in this context that the need for sustainability in trade is ever more crucial.
The Hinrich Foundation Sustainable Trade Index was created for the purpose of stimulating meaningful discussion of the full range of considerations that policymakers, business executives, and civil society leaders must take into account when managing and advancing international trade.
The index was commissioned by the Hinrich Foundation, a non-profit organisation focused on promoting sustainable trade. This, the second edition of the study, seeks to measure the capacity of 20 economies—19 in Asia along with the US—to participate in the international trading system in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and strengthened social capital. The index’s key findings include:
Countries in Asia, especially the richer ones, have broadly regressed in terms of trade sustainability. Hong Kong is developed Asia’s bright spot, recording a slight increase in its score and topping the 2018 index. Several middle-income countries perform admirably, led by Sri Lanka. For the economic pillar, countries generally performed well in terms of growing their labour forces as well as their per-head GDPs. For the social pillar, sharp drops for some countries in certain social pillar indicators contribute to an overall decline. For the environmental pillar, with deteriorating environmental sustainability in many rich countries, China, Laos and Pakistan are the only countries to record increases in scores. Sustainability is an ever more important determinant of FDI and vendor selection in choosing supply-chain partners. Companies are improving the sustainability of their supply chains by restructuring and broadening relationships with competitors and vendors.
The Global Illicit Trade Environment Index 2018
To measure how nations are addressing the issue of illicit trade, the Transnational Alliance to Combat Illicit Trade (TRACIT) has commissioned The Economist Intelligence Unit to produce the Global Illicit Trade Environment Index, which evaluates 84 economies around the world on their structural capability to protect against illicit trade. The global index expands upon an Asia-specific version originally created by The Economist Intelligence Unit in 2016 to score 17 economies in Asia.
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Breaking Barriers: Agricultural trade between GCC and Latin America
The GCC-LAC agricultural trading relationship has thus far been dominated by the GCC’s reliance on food imports, specifically meat, sugar, and cereals. Over the past two years, however, there has been a notable decline in the share of sugar imported from LAC, and 2017 saw the biggest importers in the GCC—Saudi Arabia and the UAE—impose a ban on Brazilian meat.
Market players on both sides of the aisle are keen to grow the relationship further, but there are hurdles to overcome. In this report, we explore in greater depth the challenges that agricultural exporters and importers in LAC and the GCC face. We consider both tariff and non-tariff barriers and assess key facets of the trading relationship including transport links, customs and certification, market information, and trade finance.
Key findings of the report:
GCC will need to continue to build partnerships to ensure a secure supply of food. Concerns over food security have meant that the GCC countries are exploring ways to produce more food locally. However, given the region’s climate and geology, food imports will remain an important component of the food supply. Strengthening partnerships with key partners such as those in LAC, from which it sourced 9% of its total agricultural imports in 2016, will be vital to food security in the region.
There is a wider range of products that the LAC countries can offer the GCC beyond meat, sugar and cereals. Providing more direct air links and driving efficiencies in shipping can reduce the time and cost of transporting food products. This will, in turn, create opportunities for LAC exporters to supply agricultural goods with a shorter shelf life or those that are currently too expensive to transport. Exporters cite examples such as berries and avocados.
The GCC can engage small and medium-sized producers that dominate the LAC agricultural sector by offering better trade financing options and connectivity. More direct air and sea links can reduce the cost of transporting food products, making it viable for smaller players to participate in agricultural trade. The existing trade financing options make it prohibitive for small and medium-sized players too. Exporters in LAC suggest that local governments and private companies in the GCC can offer distribution services with immediate payments to smaller suppliers at a discount.
Blockchain technology is poised to address key challenges market players face in agricultural trade. Through a combination of smart contracts and data captured through devices, blockchain technology can help to reduce paperwork, processing times and human error in import and export processes. It can improve transparency, as stakeholders can receive information on the state of goods and status of shipments in real time. Finally, it can help with food safety and quality management—monitoring humidity and temperature, for instance, along the supply chain can help to pinpoint batches that may be contaminated, minimising the need for a blanket ban on a product.