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The innovation dividend: Powering trade with technology

Powering trade with technology

Yael Selfin, UK Chief Economist, details the three key outcomes we expect to emerge from new technologies' influence on UK trade in post-Brexit Britain.

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Yael Selfin - Chief Economist at KPMG in the UK.

Chief Economist

KPMG in the UK

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Investment in innovation and technological change can drive a step change in trade and an acceleration of trade growth in a post-Brexit Britain, in contrast to the damage expected to be caused by the UK’s departure from the European Union.

Our research into current trends points to three key outcomes that we expect to emerge:

  • Investment in technology will help power trade growth in the future, which could see UK trade volumes rise to more than £4 trillion1.
  • The scale and type of investment in technology and connectivity will have a dramatic impact on trade outcomes. The greatest gains will come from advances in mobility and communication technology.
  • UK trade along the Asia Pacific corridor stands to benefit most through rapid growth in trade volumes due to a rapid increase in economic prosperity in this region.

Read the full report here

Reference

1 All our trade forecasts in this report are in 2016 prices.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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