Abstract
The authors review current developments in international trade and its prospects for the future arguing that despite the recent slowdown, trade remains an important driver of economic growth and development. Scepticism towards further trade opening needs to be addressed, notably via appropriate domestic adjustment policies. One challenge to advancing further global economic integration lays in the rapid transformation of trade itself and the nature of remaining barriers. The authors highlight new models of trade cooperation that can help to make progress at the global level, while accommodating countries’ diverse interests and levels of development.
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Remaining errors in this article are those of the authors. The article is not meant to represent the positions or opinions of the World Trade Organization (WTO) and its Members, nor the official position of any WTO staff, and is without prejudice to Members’ rights and obligations under the WTO.
Prof. Dr. Alexander Keck, Dr. John Hancock und Coleman Nee sind Chief of Section, Counsellor und Senior Research Economist beziehungsweise in der Economic Research and Statistics Division der Welthandelsorganisation (WTO) in Genf, Schweiz.
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Keck, A., Hancock, J. & Nee, C. Perspectives for Global Trade and the International Trading System. Wirtschaftsdienst 98 (Suppl 1), 16–23 (2018). https://doi.org/10.1007/s10273-018-2272-0
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DOI: https://doi.org/10.1007/s10273-018-2272-0