Former Finance Secretary of India Chairman, Institute of Development Studies Jaipur President, Rajasthan International Centre, Jaipur Visiting Professor of Practice, Kautilya School of Public Policy, Hyderabad
Economic integration and globalisation, the free flow of trade, with the United States at the helm: that is the economic order the world has known for decades. Today, the disintegration of the rules-based old world order is evident. https://lnkd.in/gRHxPMpK
Chevening Alumnus 22'/23'🇬🇧 MWF Alumni Enrichment Institute 22'🇺🇲Mandela Washington Fellowship 21'🇺🇲 GiZ/german corporation Start-up Loop 19'🇩🇪🇳🇬 MSc International Business Management 23'🇬🇧
Is a new world economic order emerging?🤔 ✅Geopolitical Shifts and Power Dynamics •The rise of China and the BRICS+ bloc is shifting economic power from the West to the Global South. 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 •Developing nations are advocating for a reformed international economic system that prioritizes equitable resource distribution and development opportunities. 🟰 ✅The Decline of Globalization •The principles of free trade and multilateral cooperation are being challenged as countries turn inward and impose tariffs. •Obstructing and undermining of WTO’s authority in global trade. 🌐 •The retreat from globalization leading to potential fragmentation of the global economic order. 🗺️🌍 •Geopolitical tensions, particularly between the U.S. and China, complicate efforts to establish a cooperative global economic framework. 🇺🇲😬🇨🇳 •The potential for increased trade wars and economic nationalism poses significant obstacles to achieving a new world economic order. ®️⚠️ #NewWorldOrder #Dedolarization #BRICS #GlobalSouth #EconomicJustice
🌍 Trade Wars: Navigating the Ripple Effects on Global Markets Trade wars are reshaping the global economic landscape, creating uncertainty and disrupting industries worldwide. How do these conflicts impact markets, supply chains, and economic growth? In my latest Medium article, I explore the far-reaching consequences of trade wars and what they mean for the future of international trade. Whether you're a business leader, investor, or policymaker, understanding the dynamics of trade wars is crucial for navigating today's complex economic environment. #TradeWars #GlobalMarkets #Economics #SupplyChain #InternationalTrade #MarketVolatility #EconomicGrowth #BusinessStrategy #LinkedInInsights #GlobalEconomy
The Global Economic System is in Dire Need of an Overhaul
Major world economies are leveraging their economic relationships to gain strategic advantages over their rivals through the imposition of economic sanctions, the formation of trade agreements, strategic investments, control of critical resources, and the initiation of trade wars. International trade should serve as a tool for peace, generating wealth, and alleviating poverty rather than being a weapon in ongoing and future geopolitical rivalries.
Highly interesting presentation by Ralph Ossa on green comparative advantages from global trade („Greening Ricardo“). The excellent debate that followed allowed for a political reality check, highlighting how some of the controversial autonomous measures by the EU may in fact contradict with such greening gains from trade. While personally I believe CBAM could achieve the opposite. As a driver for a global level playing field in terms of carbon pricing and hence creating the precondition for this greening effect from trade.
I just returned from Vienna where I had the honor to deliver the Global Economy Lecture 2024 on environmental gains from trade at the Oesterreichische Nationalbank and discuss our World Trade Report 2024 on trade and inclusiveness at the The Vienna Institute for International Economic Studies (wiiw).
How are global #trade changes reshaping political landscapes? 🌐 Explore with Benedicta Marzinotto how Europe's 'China shock' influences radical right support by altering consumption patterns and societal divides. Register now to learn more ➡ https://loom.ly/cVszG9Y
This month, the International Monetary Fund published a new study that investigates economic fragmentation in #globaltrade and investment flows. https://lnkd.in/d8MRKQ4e The study - which cites Global Trade Alert data - examines how #geopolitical tensions and policy shifts are reshaping international economic relationships. Want to learn more? Check out our latest trade developments here: https://lnkd.in/djihMyH
Founding President & Chairman of the Board of Directors | Young Global Visionary Leader | Leading the African Council on Foreign Relations with the vision and passion to drive positive change in Africa and globally.
How rules and values are competing for the governance of the next global economic order? My latest piece is here. https://lnkd.in/eU2DWDRd
Global Economic Stability: Who Benefits and Who Loses? As the two largest economies in the world, the United States and China hold a unique position in shaping global financial stability. The economic policies of these nations significantly impact international markets, influencing everything from trade flows to currency exchange rates. Despite ongoing trade tensions, both countries have shown a willingness to engage in dialogue to ensure financial stability through mechanisms like the China-US Financial Working Group. But can this cooperation truly stabilize the global economy, and who might be harmed by such stability? #thinktankjournal #thinktank #research #NewsUpdate #newsfeed #news #newsfeed
Independent Arbitrator, Counsel & Mediator
4moPartial de-globalisation is already on its way. Tariff and NTB barriers are lurking around. And it’s developed countries that have rushed to raise tariff barriers!