trade

The 2020 proportional decline in trade was twice as large as the decline of world GDP, but a strong rebound can be expected and international trade will drive global growth in 2021. The good news is that policymakers have taken steps to undo at least some of the trade restrictions ...

An investment deal between China and the European Union was hurriedly concluded as 2020 was drawing to a close. At a glance, Europe seems to have achieved many of its objectives, like better access to Chinese markets and promises of improving human rights conditions. However, the agreement is not without ...

The United States is a resilient nation positioned to make a quick post-pandemic recovery. A broad assessment of the elements of U.S. power and the state of American society finds few challenges related to the Covid-19 that could undermine the country’s stability or sap its capacity to project its global ...

Despite being the largest trade agreement in modern history, the Regional Comprehensive Economic Partnership (RCEP) will have only a limited impact in Asia, where most countries have already signed trade deals with each other. China’s aggressive military posturing will undo any eventual soft power benefits. Meanwhile, the regional relevance of ...