About sponsorship
Markets
Feb 8th 2007
From The Economist print edition
Copyright © 2007 The Economist Newspaper and The Economist Group. All rights reserved.
About sponsorship
Trade and output
Feb 8th 2007
From The Economist print edition
India's tariffs remain much higher than America's. The average duty it imposed on other members of the World Trade Organisation was over 18% in 2005, compared with the American average of less than 4%. But by another measure of global integration, India's economy is more open than America's. Its exports and imports amounted to almost 50% of GDP in 2006, according to estimates by the Economist Intelligence Unit, a sister company of The Economist. America's were only 28%. In stark contrast to these continental giants, Singapore and Hong Kong, two entrepôt economies, exist for trade. Their exports and imports amounted to over 400% of the size of their economies last year.
Copyright © 2007 The Economist Newspaper and The Economist Group. All rights reserved.