DOI: https://doi.org/10.14710/ajlm.2024.22794

Sustainability in Global Trade: Integrating Principles for Inclusive and Resilient Systems

*Geysbert J Lumempouw  -  Pioneer College of Economics, Indonesia
Open Access Copyright (c) 2024 Geysbert J Lumempouw
Creative Commons License This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Citation Format:
Abstract

This paper examines the vital role of sustainability in global trade through a comprehensive literature review. It synthesizes existing research to explore the interplay between sustainability principles and international trade practices, focusing on environmental, social, and economic dimensions. Drawing from academic sources, the study analyzes the impact of sustainability standards on trade flows, the role of multinational corporations in promoting sustainable supply chains, and challenges and opportunities in mainstreaming sustainability in trade agreements. The findings underscore the necessity of integrating sustainability into trade policies and practices to foster inclusive, resilient, and environmentally sustainable global trade. Collaborative efforts among policymakers, businesses, and civil society stakeholders are essential to align trade objectives with sustainability goals and build a more sustainable future for global trade. 

Fulltext View|Download
Keywords: Collaboration; global trade; sustainability; sustainable development; trade policies

Article Metrics:

Article Info
Section: Articles
Language : EN
Recent articles
Analysis of Warehouse Activities Through System Application Product (Sap) to Monitor Target Percentage of Order Fulfillment Finished Good Warehouse of PT XYZ Sustainability in Global Trade: Integrating Principles for Inclusive and Resilient Systems Strengthening the National Logistics Network: PT Kereta Api Indonesia's Impact in East Java Province More recent articles
  1. Baldwin, R., & Lopez-Gonzalez, J. (2015). Supply-Chain Trade: A Portrait of Global Patterns and Several Testable Hypotheses. The World Economy, 38(11), 1682–1721. https://doi.org/10.1111/twec.12305
  2. Barbier, E. B. (2017). Greening the Global Economy. Cambridge University Press
  3. Barrientos, S., & Smith, S. (2007). Do Workers Benefit from Ethical Trade? Assessing Codes of Labour Practice in Global Production Systems. Third World Quarterly, 28(4), 713–729
  4. Gallagher, K. P., & Sturgeon, T. J. (2009). Rules and Networks in Global Value Chains. International Organization, 63(03), 433–453
  5. Gallagher, K. P., & Zarsky, L. (2007). The Enclave Economy and Sustainable Development: The Case of Central America. Journal of Environment & Development, 16(4), 411–430
  6. Gereffi, G., & Lee, J. (2016). Economic and Social Upgrading in Global Value Chains and Industrial Clusters: Why Governance Matters. Journal of Business Ethics, 133(1), 25–38. https://doi.org/10.1007/s10551-014-2417-8
  7. Gereffi, G., & Lee, J. (2016). Economic and Social Upgrading in Global Value Chains and Industrial Clusters: Why Governance Matters. Journal of Business Ethics, 133(1), 25–38
  8. Götz, L., & Heckelei, T. (2016). The Impact of Voluntary Standards on Trade and Welfare: A Case Study of the German Food Market. Journal of Agricultural Economics, 67(3), 658–676. https://doi.org/10.1111/1477-9552.12170
  9. Hahn, R., & Kühnen, M. (2013). Determinants of Sustainability Reporting: A Review of Results, Trends, Theory, and Opportunities in an Expanding Field of Research. Journal of Cleaner Production, 59, 5–21
  10. Humphrey, J., & Schmitz, H. (2002). How Does Insertion in Global Value Chains Affect Upgrading in Industrial Clusters? Regional Studies, 36(9), 1017–1027
  11. Intergovernmental Panel on Climate Change (IPCC). (2019). Special Report: Global Warming of 1.5°C. Retrieved from https://www.ipcc.ch/sr15/
  12. Jaffee, S., & Howard, P. H. (2010). Corporate Co-optation of Organic and Fair Trade Standards. Agriculture and Human Values, 27(4), 387–399
  13. Rodrik, D. (2018). New Technologies, Global Value Chains, and the Developing Economies. Proceedings of the National Academy of Sciences, 115(52), 13253–13256. https://doi.org/10.1073/pnas.1808425115
  14. UNCTAD. (2019). Trade and Development Report 2019: Financing a Global Green New Deal. Retrieved from https://unctad.org/system/files/official-document/tdr2019_en.pdf
  15. UNCTAD. (2020). Trade and Environment Review 2020: Facing the Climate Challenge. Retrieved from https://unctad.org/system/files/official-document/ditcted2019d3_en.pdf
  16. UNCTAD. (2021). Trade and Development Report 2021: Diverging Growth and Development in the COVID-19 Era. Retrieved from https://unctad.org/system/files/official-document/tdr2021_en.pdf
  17. United Nations Conference on Trade and Development (UNCTAD). (2019). Trade and Development Report 2019: Financing a Global Green New Deal. Retrieved from https://unctad.org/system/files/official-document/tdr2019_en.pdf
  18. United Nations Conference on Trade and Development (UNCTAD). (2018). Trade and Development Report 2018: Power, Platforms and the Free Trade Delusion. Retrieved from https://unctad.org/en/PublicationsLibrary/tdr2018_en.pdf
  19. United Nations Conference on Trade and Development (UNCTAD). (2017). Trade and Development Report 2017: Beyond Austerity - Towards a Global New Deal. Retrieved from https://unctad.org/system/files/official-document/tdr2017_en.pdf
  20. United Nations Conference on Trade and Development (UNCTAD). (2019). Trade and Development Report 2019: Financing a Global Green New Deal. Retrieved from https://unctad.org/system/files/official-document/tdr2019_en.pdf
  21. United Nations Conference on Trade and Development (UNCTAD). (2020). Trade and Environment Review 2020: Facing the Climate Challenge. Retrieved from https://unctad.org/system/files/official-document/ditcted2019d3_en.pdf
  22. United Nations Conference on Trade and Development (UNCTAD). (2021). Trade and Development Report 2021: Diverging Growth and Development in the COVID-19 Era. Retrieved from https://unctad.org/system/files/official-document/tdr2021_en.pdf
  23. World Trade Organization (WTO). (2019). Trade and Environment: A WTO Perspective. Retrieved from https://www.wto.org/english/res_e/booksp_e/trade_environment_e.pdf
  24. World Trade Organization (WTO). (2020). World Trade Statistical Review 2020. Retrieved from https://www.wto.org/english/res_e/publications_e/wtr20_statistical_review_e.htm
  25. WTO. (2018). Trade and Environment: A WTO Perspective. Retrieved from https://www.wto.org/english/res_e/booksp_e/trade_environment_e.pdf

Last update:

No citation recorded.

Last update:

No citation recorded.