Strengthening the Rules-Based Trading System
The world trading system has been remarkably successful in many respects but is presently under tremendous strain. The causes are deep-seated and require a strategic response. […]
protectionism
The Role of Fundamentals in Global Imbalances
The concern over global imbalances has become an effort to systematically reduce current account deficits and surpluses, feeding the protectionist narrative. […]
Mitigating the Adjustment Costs of International Trade
In the present era of globalization and rapid technological advance living standards across the world have risen at unprecedented rates, and over a billion people have been lifted out of poverty. […]
Our Trade Tensions Will Persist Beyond Trump
Technology and inequality, China’s special status, macroeconomic imbalances, and WTO dysfunction, are the challenges confronted by the world trading system, and which lie at the root of resurgent protectionism. […]
Wage stagnation in the United States: some international implications
The rise of protectionism, economic nationalism and nativism in the United States can be attributed inter alia to the nation’s wage stagnation and rising inequality. […]
Key policy options for the G20 in 2017 to support an open and inclusive trade and investment system
In the face of exceptional challenges, the G20 should step up its efforts in 2017 to preserve the current global trade and investment system, including effective multilateral dispute settlement procedures, while not losing sight of medium-term reforms. The G20 should focus on (1) supporting the World Trade Organization, (2) being upfront about the mixed effects of trade and investment, (3) improving G20 measures to tackle protectionism and (4) promoting investment facilitation. […]