World - WTO at a crossroads: The geopolitical threat to 75 years of multilateral trade cooperation

How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/how-wto-can-address-21st-century-challenges

China’s Economic Malaise Was Perfectly Predictable

Diplomat

23-09-20 02:12


The Chinese economy is currently facing challenges such as falling property prices and the possibility of deflation. Monetary conditions have been eased, but weak demand for credit means that lower borrowing costs have had little impact on aggregate demand. The article suggests that fiscal policy should be relied upon to stimulate domestic demand, including transfers to households and structural reforms to reduce high levels of precautionary savings. However, the Chinese government has been resistant to calls for increased social spending. The article compares China's economic situation to that of Japan in the 1990s, noting that Japan avoided a financial meltdown and eventually resumed growth after a decade of stagnation. Three scenarios for China's economy are presented: one in which fiscal policies and reforms are successful in reviving the economy, one in which there is a chronic property debt crisis leading to a severe credit crunch, and a "muddling through" scenario in which segments of the private sector remain competitive but domestic demand remains limited. The article argues that the "muddling through" scenario is the most likely. The author also criticizes China bulls for their failure to revise their predictions in light of new evidence and their misplaced optimism about China's economic prospects.

https://thediplomat.com/2023/09/chinas-economic-malaise-was-perfectly-predictable/
Next STEP Global Conference 2023

Peterson Institute for International Economics

23-11-05 10:30


The Peterson Institute for International Economics (PIIE) and the Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore announced that they will be hosting the second annual Next STEP Global Conference in Singapore from November 5-7, 2023. The conference will focus on the challenges faced by economies caught in the middle of US-China competition and how they can navigate this situation. The conference aims to bring together high-level economic thought leaders to discuss and formulate specific policy proposals for third countries to reshape and maintain constructive international economic integration.

https://www.piie.com/events/next-step-global-conference-2023
WTO at a crossroads: The geopolitical threat to 75 years of multilateral trade cooperation

Peterson Institute for International Economics

23-10-25 18:00


Event Summary The US launch of the World Trade Organization's World Trade Report 2023 takes place at the Peterson Institute for International Economics (PIIE) on October 25. This timely report, released September 12 in Geneva, analyzes the rise in skepticism over the benefits of globalization, driven by the protectionist shocks from COVID-19, the war in Ukraine and competition among trading blocs. The discussion at PIIE, beginning with a presentation of the report by WTO chief economist Ralph Ossa followed by a debate and moderated audience Q&A, focuses not only on the economic costs of trade fragmentation but also the threats deglobalization poses to security and the fight against poverty and climate change.

PRESENTER

Ralph Ossa

Chief Economist, World Trade Organization Video


https://www.piie.com/events/wto-crossroads-geopolitical-threat-75-years-multilateral-trade-cooperation

Book Launch: How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/book-launch-how-wto-can-address-21st-century-challenges

How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/how-wto-can-address-21st-century-challenges

Putin ‘weaponising’ food as troops target cargo ship in Black Sea

The Independent

23-09-20 07:30


Ukrainian President Volodymyr Zelensky warned that Russian society has "raised a second Hitler" in a powerful speech delivered at the UN General Assembly. Zelensky urged the world to unite against Russian aggression and claimed that Russia was using tactics more catastrophic than nuclear destruction. He argued that while nuclear weapons remain in place, the "mass destruction is gaining its momentum" through the weaponization of food, energy, and children. Zelensky's speech comes ahead of a face-to-face meeting with Russian Foreign Minister Sergei Lavrov at the UN Security Council, where Zelensky is due to speak about Ukraine.

Zelensky’s speech at the UN General Assembly emphasized the need for collaboration and peace in the face of Russian aggression. He accused Russia of using tactics that are more destructive than nuclear weapons, claiming that food, energy, and children are being weaponized. Zelensky’s warning about the dangers of Russian aggression comes ahead of a meeting with Lavrov, where tensions are expected to be high. In their last encounter at the UN Security Council, Lavrov called Zelensky a derogatory name and stormed out of the room.

Zelensky’s speech and upcoming meeting with Lavrov highlight the ongoing conflict between Ukraine and Russia. The Ukrainian president is calling for international unity against Russia and warning of the catastrophic consequences of Russian aggression. As tensions continue to escalate, it remains to be seen how the international community will respond and what actions will be taken to address the situation.


https://www.independent.co.uk/news/world/europe/ukraine-russia-war-putin-zelensky-latest-b2414739.html

Next STEP Global Conference 2023

Peterson Institute for International Economics

23-11-05 10:30


The Peterson Institute for International Economics (PIIE) and the Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore announced that they will be hosting the second annual Next STEP Global Conference in Singapore from November 5-7, 2023. The conference will focus on the challenges faced by economies caught in the middle of US-China competition and how they can navigate this situation. The conference aims to bring together high-level economic thought leaders to discuss and formulate specific policy proposals for third countries to reshape and maintain constructive international economic integration.

https://www.piie.com/events/next-step-global-conference-2023
WTO at a crossroads: The geopolitical threat to 75 years of multilateral trade cooperation

Peterson Institute for International Economics

23-10-25 18:00


Event Summary The US launch of the World Trade Organization's World Trade Report 2023 takes place at the Peterson Institute for International Economics (PIIE) on October 25. This timely report, released September 12 in Geneva, analyzes the rise in skepticism over the benefits of globalization, driven by the protectionist shocks from COVID-19, the war in Ukraine and competition among trading blocs. The discussion at PIIE, beginning with a presentation of the report by WTO chief economist Ralph Ossa followed by a debate and moderated audience Q&A, focuses not only on the economic costs of trade fragmentation but also the threats deglobalization poses to security and the fight against poverty and climate change.

PRESENTER

Ralph Ossa

Chief Economist, World Trade Organization Video


https://www.piie.com/events/wto-crossroads-geopolitical-threat-75-years-multilateral-trade-cooperation

Book Launch: How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/book-launch-how-wto-can-address-21st-century-challenges

How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/how-wto-can-address-21st-century-challenges

Imagine No Jets, Ships, Defense, or Space Program!

HeartLand

23-09-20 12:07


First published at CFACT

Over the last 200 years when the world populated from 1 to 8 billion, we learned that crude oil is virtually useless, unless it’s manufactured (refineries) into oil derivatives that are the basis of the fuels to move the heavy-weight and long-range needs of more than 50,000 jets moving people and products, and more than 50,000 merchant ships for global trade flows, and the military and space programs.

Today, chemical products, such as plastics, solvents, and fertilizers, are inclusive of the more than 6,000 products based on oil that are essential for supporting modern lifestyles.

Recognizing that eradicating the world of oil, without a replacement in mind, would be immoral and evil, as extreme shortages of the products now manufactured from fossil fuels will result in billions of fatalities from diseases, malnutrition, and weather-related deaths, and could be the greatest threat to the world’s eight billion population.

The “energy conundrum is that “renewables” only generate electricity, yet most products derive from oil. Wind turbines and solar panels can only generate intermittent electricity. They cannot manufacture any products for society. Crude oil on the other hand is virtually useless, unless it’s manufactured (refineries) into the fuels to move the heavy-weight and long-range needs of more than 50,000 jets moving people and products, and more than 50,000 merchant ships for global trade flows basis of more than 6,000 products in our daily lives that did not exist before the 1900’s, and the military and space programs.

From the proverb “you can’t have your cake and eat it too” tells us that you can’t rid the world of crude oil and continue to enjoy the products and fuels manufactured from fossil fuels that can be manufactured into something usable like the fuels for the heavy-weight and long-range transportation infrastructures of ships and jets and the derivatives that make the more than 6,000 products and fuels that have made our lives more comfortable.

Globally, excluding China, about 3 million barrels per day of refining capacity closed since January 2020. The future does not bode well as 20 percent of the 700 worldwide refineries are expected to close in the next 5 years, i.e., 140 closures. Further inflation and shortages in perpetuity are guaranteed, as those refineries are manufacturing the fuels for the jets moving people and products, and the merchant ships for global trade flows, of the products for society and the military and space programs.

China is coming to the rescue with Asia’s 88 new refineries for manufactured oil derivatives that are the basis of most every product being used by mankind, as well as the manufactured fuels used by every transportation infrastructure, and the military.

Like the national debt Ponzi, the shortages of the products, fuels, pesticides, and fertilizers MANUFACTURED from fossil fuels will also contribute to shortages and further inflation in perpetuity as wind turbines and solar panels are both incapable of manufacturing ANYTHING, they just generate occasional electricity.

We may have long-range plans to generate electricity from wind, solar, or nuclear fusion, but no plans to replace crude oil that is manufactured into everything in our daily lives. Thus, efforts to cease the use of crude oil could be the greatest threat to civilization, not climate change, and lead the world to an era of guaranteed extreme shortages of fossil fuel products, like we had in the decarbonized world in the 1800s, which may result in billions of fatalities from diseases, malnutrition and weather-related deaths trying to live without the 50,000-merchant ship and 50,000 jets, that are moving more than 6,000 products currently benefiting worldwide humanity.

The American Government of 435 Representatives and 100 Senators are laser-focused on ending the “climate crisis” by switching to “clean” ELECTRICTY. It has few qualms about importing critically needed materials from foreign countries, primarily China – regardless of economic, defense, national security, ecological, or human rights implications.

The dismal track record of virtually every program implemented by the Government is broken, and most likely the clean electricity program will have results like previous programs such as: United States Postal Service established 247 years ago in 1775 and is now broken. Social Security established 88 years ago in 1935 and is now broken. Fanny Mae established 85 years ago in 1938 and is now broken. Medicare and Medicaid established 58 years ago in 1965 and is now broken. Freddie Mac established 53 years ago in 1970 and is now broken. United States Department of Energy established 46 years ago in 1977 to lessen our dependence on foreign oil. Now with 16,000 employees and a $31 billion-dollar annual budget and 46 years later we’re importing more oil than ever!

A private industry company such Walmart, the most successful and profitable business in America with 2.2 million employees and more than 10,000 stores, may be a better choice to run any energy program being mandated. Is it time to drain the swamp and hire Walmart to run the Government?

World leaders are not cognizant enough to know that wind turbines and solar panels only generate occasional electricity and have no plans for the replacement of the products and fuels now manufactured from fossil fuels, which are the basis on every infrastructure segment that are supporting the 8 billion on this planet!

It’s shocking that the media continues to refrain from asking the government leaders and policy makers of current green electricity mandates a John Stossel styled “give-me-a-break” question: Can you imagine our world without jets, merchant ships, militaries, and space programs? Ronald Stein, P.E.

Ronald Stein is an internationally published columnist and energy consultant, and a policy advisor for The Heartland Institute. CallEmailTwitter


https://heartland.org/opinion/imagine-no-jets-ships-defense-or-space-program/

Next STEP Global Conference 2023

Peterson Institute for International Economics

23-11-05 10:30


The Peterson Institute for International Economics (PIIE) and the Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore announced that they will be hosting the second annual Next STEP Global Conference in Singapore from November 5-7, 2023. The conference will focus on the challenges faced by economies caught in the middle of US-China competition and how they can navigate this situation. The conference aims to bring together high-level economic thought leaders to discuss and formulate specific policy proposals for third countries to reshape and maintain constructive international economic integration.

https://www.piie.com/events/next-step-global-conference-2023
WTO at a crossroads: The geopolitical threat to 75 years of multilateral trade cooperation

Peterson Institute for International Economics

23-10-25 18:00


Event Summary The US launch of the World Trade Organization's World Trade Report 2023 takes place at the Peterson Institute for International Economics (PIIE) on October 25. This timely report, released September 12 in Geneva, analyzes the rise in skepticism over the benefits of globalization, driven by the protectionist shocks from COVID-19, the war in Ukraine and competition among trading blocs. The discussion at PIIE, beginning with a presentation of the report by WTO chief economist Ralph Ossa followed by a debate and moderated audience Q&A, focuses not only on the economic costs of trade fragmentation but also the threats deglobalization poses to security and the fight against poverty and climate change.

PRESENTER

Ralph Ossa

Chief Economist, World Trade Organization Video


https://www.piie.com/events/wto-crossroads-geopolitical-threat-75-years-multilateral-trade-cooperation

Book Launch: How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/book-launch-how-wto-can-address-21st-century-challenges

How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/how-wto-can-address-21st-century-challenges

Next STEP Global Conference 2023

Peterson Institute for International Economics

23-11-05 10:30


The Peterson Institute for International Economics (PIIE) and the Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore announced that they will be hosting the second annual Next STEP Global Conference in Singapore from November 5-7, 2023. The conference will focus on the challenges faced by economies caught in the middle of US-China competition and how they can navigate this situation. The conference aims to bring together high-level economic thought leaders to discuss and formulate specific policy proposals for third countries to reshape and maintain constructive international economic integration.

https://www.piie.com/events/next-step-global-conference-2023
WTO at a crossroads: The geopolitical threat to 75 years of multilateral trade cooperation

Peterson Institute for International Economics

23-10-25 18:00


Event Summary The US launch of the World Trade Organization's World Trade Report 2023 takes place at the Peterson Institute for International Economics (PIIE) on October 25. This timely report, released September 12 in Geneva, analyzes the rise in skepticism over the benefits of globalization, driven by the protectionist shocks from COVID-19, the war in Ukraine and competition among trading blocs. The discussion at PIIE, beginning with a presentation of the report by WTO chief economist Ralph Ossa followed by a debate and moderated audience Q&A, focuses not only on the economic costs of trade fragmentation but also the threats deglobalization poses to security and the fight against poverty and climate change.

PRESENTER

Ralph Ossa

Chief Economist, World Trade Organization Video


https://www.piie.com/events/wto-crossroads-geopolitical-threat-75-years-multilateral-trade-cooperation

Book Launch: How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/book-launch-how-wto-can-address-21st-century-challenges

How the WTO can address 21st century challenges

Peterson Institute for International Economics

23-09-26 13:00


Event Summary Ambassador Alan Wm. Wolff, veteran trade negotiator, practitioner, and policy analyst, gives a presentation of his new book Revitalizing the World Trading Systemat a Peterson Institute for International Economics (PIIE) and Council on Foreign Relations (CFR) event on September 26, 2023. Drawing on his time at the World Trade Organization and years of experience with international trade, he examines the important role the world trading system has played in shaping the liberal international order of the last 75 years and identifies new challenges, such as the risks from climate change, pandemics, the burgeoning global digital economy, and more. Wolff details how the world trading system and its governance must evolve to stay true to its values and effectively tackle emerging challenges.

A discussion moderated by CFR senior fellow and Georgetown Law Center professor Jennifer A. Hillman follows Wolff’s presentation.

MODERATOR

Jennifer A. Hillman

Senior Fellow for Trade and International Political Economy, CFR

Professor of Practice, Georgetown Law Center

SPEAKER

Ambassador Alan Wm. Wolff

Distinguished Visiting Fellow, PIIE Video


https://www.piie.com/events/how-wto-can-address-21st-century-challenges