The need for common values and geostrategic compatibility will now increasingly shape trade and investment flows. As Janet Yellen and Christine Lagarde – both committed multilateralists – have recognized recently in their respective remarks, the post-war era of globalization irrespective of any potential security or philosophical divergences is approaching an end.
Trade is indispensable to fostering greater levels of global economic development. As the OECD has written, “No country has lifted itself out of poverty without international trade.” This category consolidates GTIPA-member reports assessing the intersection of trade and economic development.