A Study Of How New Technology Affect Long-Term Trends In Global Trade

Abstract

To make long-term estimates on global commerce and assess the possible effects of the growth of digital innovations on trade, researchers use the WTO Global Trade Model (GTM). The GTM is a recursively dynamic CGE-model that incorporates marginal activities into personal spending, imperfect competitiveness, and baseline predictions based on Shared Socioeconomic Pathways macroeconomic projections (SSP). Focusing on topics like big data and artificial intelligence,robotization, ecommerce, and additive technology (3D printing), researchers evaluate the potential effects of anticipated developments in technology. Robotization is
anticipated to alter the level of production attribute, which will have an impact on the pattern of global specialisation (reshoring). A shift from trading in physical commodities to trade in digital products could result from the substantial implications of 3D printing on the volume and structure of global trade. Ecommerce will also lower trade expenses while increasing productivity in the retail sectors. Researchers simulate these patterns and assess the effects they might have.