Small teams. Wolf Häfele called this a development of greater integration between technology and human relationships. This translates into the emphasis on words such as “interface”, “reliability” and “adaptation” in the description or explanation of some of the new technologies. As a result, organizations with particular goals may be less suited to survival than those that consider a broader range of topics that optimize human, organizational, and technological elements. Karen Lynch is a journalist who has been covering the global economy, technology and politics for over 30 years in New York, Paris and Washington, DC. Karen is also Principal at Content Marketing Partners There are two important lessons from all of this. The first lesson is that for most business data users, there is no obvious way to choose between sources. And the second lesson is that due to statistical disruptions, researchers and policymakers should always take the analysis of trade data with a pinch of salt. In a recently published high-level report, researchers blamed discrepancies in bilateral trade data on illicit financial flows due to incorrect invoicing (or trade-based money laundering). As we show here, this interpretation of the data is not appropriate, as data discrepancies are due to measurement inconsistencies rather than shortcomings44 In some countries, services are now an important driver of trade: in the United Kingdom, services account for about 45% of all exports; and in the Bahamas, almost all exports are services (about 87% in 2016). As experts in the costs and benefits of technological development, engineers are in a key position to contribute to policy-making in this area.
To enable engineers to better prepare for the future, Ramo proposes that engineering education place more emphasis on the links between engineering and its social applications. The result, he says, will be engineers who can play a broader role in influencing government policies and practices on technological advances. Today, about 30% of the value of global exports comes from foreign inputs. In 1990, the proportion was about 25%. In early modern times, transocean flows between empires and colonies constituted an important part of international trade. The following visualizations offer a comparison of intercontinental trade per capita for different countries. The reduction in transaction costs had an impact not only on the volume of transactions, but also on the types of exchanges that were possible and profitable. You may be wondering: so why have we seen such rapid growth in intra-industrial trade between rich countries in recent years? The good news is that we may be on the brink of change. . . .