A Glance through the Global Trade Window: Like the View?
Much of the growth in global prosperity in recent decades has been driven by increasingly open markets in trade and financial flows. But the current populist backlash in a number of developed countries to the economic effects of liberalized trade is spurring reexamination of some long-held assumptions. With China pressing both the US and EU to recognize it as a market economy under WTO rules, what are the challenges for the WTO? Are multilateral trade agreements still likely, or are we falling into a world of bilateral deals?