Thursday, May 23, 2024

Trending

Buy America and subsidies mix with national security to see off the rules based order

Share

Author: Editorial Board, ANU Today the global trade system faces three systemic challenges. None are new, but strategic competition between China and the United States has brought a dangerous edge to each of them. The first is the dramatic shift in the composition of international economic interaction. When the Bretton Woods system was first set up, global trade was overwhelmingly in physical merchandise. Over time, the importance of services trade and, in the past few decades, data flows, has left large parts of global trade under regulated or uncovered by global rules entirely. While this is a long-standing issue, the…

Source link : Buy America and subsidies mix with national security to see off the rules based order by East Asia Forum

Read more

Latest News

Discover more from Siam News Network

Subscribe now to keep reading and get access to the full archive.

Continue reading