Friday, 27 March 2009

Rebuilding global trade, during and beyond an economic crisis

Today the International Centre for Trade and Sustainable Development (Geneva) and the Global Economic Governance Programme (Oxford) published a collection of essays by trade scholars and experts from around the world: Rebuilding Global Trade: Proposals for a Fairer, More Sustainable Future.

In the context of the current economic crisis, the contributing authors propose concrete trade-related actions for the G20 leaders meeting in London next week, outline longer-term reforms for global trade governance, and focus attention on the needs of developing countries.

You can download an electronic copy here. Individual contributions can also be accessed here.

My contribution was on the need for strengthened trade monitoring at a time when there is a heightened threat of protectionism. Trade is one of the first casualties of a global economic crisis. We saw this happen during the Great Depression, after the oil shocks of the 1970s, in the early 1980s, and now the first contraction in global trade since 1982. A reformed and robust trade monitoring system should be among the top priorities for world leaders meeting in London in April and beyond. Continue reading here. I look forward to your comments.

No comments: