Global Trade

Global Trade in a Fragmenting World Economy International trade has long been one of the primary drivers of global economic growth. However, the structure of global trade is undergoing significant change as geopolitical tensions and strategic competition influence economic policy. Many governments are increasingly prioritizing supply chain resilience and domestic industrial capacity. This shift has […]

Global Trade Realignment and the Return of Industrial Policy For much of the late twentieth and early twenty-first centuries, global trade was characterized by expanding liberalization and increasingly integrated supply chains. Trade agreements reduced tariffs, multinational corporations built global production networks, and goods flowed across borders with relatively few barriers. In recent years, however, the […]