Trade & Commerce
While commerce is concerned with facilitating the exchange of goods and services in the economy, trade simply means buying and selling of said goods and services in return for money. To stay competitive in the global economy, organizations must have a thorough understanding of the dynamics of trade and commerce. That is why Renee Bowen, a theoretical economist, recently launched the Center for Commerce and Diplomacy. The center will produce research that informs government and business leaders about the challenges of international commercial diplomacy in an evolving global economy.