World Trade Report 2023 - Re-globalization for a secure, inclusive and sustainable future
This year's World Trade Report examines how re-globalization – or increased international cooperation - could address the three major challenges facing today’s global economy: national and economic security, poverty alleviation and environmental sustainability.
The establishment of the multilateral trading system over seven decades ago was based on the understanding that interdependence and cooperation contribute to peace and shared prosperity. More recently, however, new challenges, such as geopolitical tensions, rising inequalities and climate change, have led to fears that globalization exposes countries to excessive risks. Such fears have increased pressures to unwind trading relationships and turn to unilateral policies through a process of fragmentation.
This year's World Trade Report examines the benefits of re-globalization – or integrating more people, economies and pressing issues into global trade and strengthening multilateral cooperation – as well as the risks of fragmentation of the multilateral trading system. It shows that trade has proved to be a source of security and peace, a driver of poverty reduction, and a critical tool for addressing climate change. The Report argues that, to make our economies more secure, inclusive and sustainable, re-globalization is a much more effective solution to global challenges than fragmentation.
Global problems need global solutions, meaning that today's world needs more cooperation, not less. A reinvigorated multilateral trading system overseen by the WTO has an important role to play in this process.
Published in 2023.
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- Contents, Acknowledgements, Disclaimer, Abbreviations
- Foreword by the WTO Director-General
- Executive summary
- A. Introduction
- B. The reshaping of global trade
- C. The impact of security concerns on trade
- D. Re-globalization to reduce poverty and inequality
- E. Re-globalization to promote environmental sustainability
- F. Conclusion
- Pamela Coke-Hamilton, " Connected services: A pathway to development"
- Pinelopi K. Goldberg, "The Future of Global Trade"
- Miaojie Yu, "Re-globalization or fragmentation: choices and challenges"
- Adam Posen, "Re-globalizing subsidies for a sooner, fairer green future"
- Stephen Karingi, Melaku Desta and Jason McCormack, "Re-globalization around green trade – challenges and opportunities for Africa"