The COVID-19 pandemic and Russia’s war on Ukraine have highlighted how vulnerable international trade is. But, even before these recent shocks, rising protectionism in major economies around the world and concerns about the environment have weighed heavily on trade.
According to some key measures, the globalization trend appears to have slowed. But is ‘peak globalization’ a reality or a myth? What are the major phases of globaliszation and what might come next? The answer differs between trade in goods, services, capital, technology, data and people. And whether the future is a more integrated or fragmented world economy also depends on politics and the stability of the international order.
Key questions to be tackled at this event includes:
How do recent shocks, such as the COVID-19 pandemic and Russia’s war on Ukraine, change globalization?
What are the key indicators for the global integration of major economies?
Will there be a split between a US and China-dominated ’trading sphere of influence’?
Could trade in services offer ‘globalization’ a new phase of rapid growth?
What impact will technology continue to have on global trade and the future of globalization?
As with all members events, questions from the audience drive the conversation.
The discussion is part of the Chatham House Global Trade Policy Forum. The Global Trade Policy Forum is supported by founding partner AIG, associate partner Boston Consulting Group and supporting partners Clifford Chance LLP, Diageo PLC and UPS.