Global Trade Policy Challenges: preparing for the next decade

Contributor(s): John Alty, Geoffrey Yu, Han-Koo Yeo, Crawford Falconer, Iana Dreyer, Ignacio Garcia Bercero | The world economy is going through a phase of considerable turmoil and instability. First, globalisation seems to be reversing with an acceleration of economic disintegration among major trading powers, securitisation of global trade and investment relations within geo-economic blocks and paralysis of multilateral global governance. Second, our domestic economies are undergoing profound structural shifts in the light of the climate emergency, energy scarcity and rise of digital technologies and artificial intelligence. And third, the centre of the world economy is shifting towards the Asia and Global South. How do policy-makers see these developments? And how can states position themselves to benefit rather than lose from today’s phase of turmoil?