Trading Progress for Equality in the Global Economy
Senior Analyst, Global Economy
MIN READMay 16, 2017 | 16:36 GMT
In this new world of international trade, friendships don't seem to last long.
The nature of global trade is shifting once again. For two decades, the World Trade Organization (WTO) has been locked in a stalemate between the wealthy north and the poor south as countries on either side of the global divide fail to find room for compromise. But now that seems to be changing, and new alliances are being made across age-old battle lines. Unfortunately for free trade advocates, this doesn't necessarily signal forward motion in global trade talks. Instead it will likely slow negotiations even further as two factions are replaced by many, giving rise to an increasingly multipolar world in which multilateral trade deals are even harder to come by....