Trade shifts
In the second half of the 20th century, globalization brought a boom in international trade. The rapid change that came with it has led to a backlash, with most countries erecting protectionist barriers. Governments are increasingly using regulations, red tape and tariffs to achieve domestic and foreign policy goals. Highly intense trade disputes, however, can break the ice and lead to results and unexpected benefits.
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Scenarios for U.S. trade policy in the Biden administration
When it comes to trade policy, the Biden administration's biggest departure from its predecessor's stance will be an emphasis on climate change issues. It could even use some of the same tools to pressure trade partners into more environment- and labor-friendly policies. Tariffs are likely to remain in place, however, ...
Opinion: The WTO drifts toward irrelevance
The WTO is a relatively cheap international organization, but it has achieved very little since it was created in 1995. It will not likely disappear, especially if it keeps a low profile and transforms bilateral deals driven by politics into multilateral deals. That would be less useful than if it ...
The future of free trade
Free trade is undergoing a dip in popularity, as it gives way to economic nationalism in many parts of the globe. Much of this comes down to the WTO and its failure to rein in China’s unfair economic practices since 2001. Washington wants to bring about fundamental changes in the ...
Business strategies are needed for the rough economic stretch ahead
Governments and supranational organizations that weakened the economy’s resilience with overspending, accumulating debt and arbitrary taxation before the pandemic are now doing more damage. They have resorted to scare tactics to expand their control under the pretext of responding to the downturn brought on by lockdowns. The short- and mid-term ...
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More Disruptions
Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary ...
Middle East politics
The region, one of the cradles of civilization, is going through a turbulent period of historic realignment. Its powers are vying for political, military, economic and religious dominance with local players and outside actors. Armed conflicts, mainly civil wars, are ...
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