
Commentary / World Apr 23, 2019
The international economic policy game
by Koichi Hamada
We need trade competition among economic agents but cooperation among governments
The international economic policy game
We need trade competition among economic agents but cooperation among governments
Does Donald Trump's election mean that globalization is dead, or are reports of the process' demise greatly exaggerated?
WTO check on 'consensus' poses risk to poorer nations
The U.S. and EU are said to be urging the World Trade Organization to move away from consensus-based decision making. That might boost efficiency, but it also could jeopardize the WTO's legitimacy in the eyes of its smaller and poorer members.
India's new prime minister, Narendra Modi, has perplexed international supporters by torpedoing a World Trade Organization deal that would have reformed customs rules and made global trade much easier.
The absence of developed cooperative ties and of commercial turnover growth within the BRICS grouping may only perpetuate existing structural differences.