41 episodes

Back to the Future: a New Era of Managed Trade?

Globalisation’s next chapter is being written, driven by concerns about supply chain risks. The global trade in goods is increasingly seen through a security prism in capitals around the world and governments are developing new policies to reduce unwanted dependencies, seek new sources of leverage and guarantee supplies. Trade links are being reordered as policymakers scramble to secure access to strategic materials and positions in global value chains. Meanwhile, geopolitical turbulence and climate ambitions are giving rise to industrial policies, sanctions and a growing use of subsidies.

From investment screening to quotas to export controls, policymakers are proposing an increasing number of tools and policies to steer trade and investment flows. But despite worries about protectionism and fragmentation, trade continues as the private sector manages risk by embracing diversification. Elections in the US, EU, Mexico, UK, Indonesia, India and elsewhere may also lead to a reordering of the global politics of trade. Has the global trade system entered an era of managed trade? What will it mean for regional approaches to trade, and what does it mean for multilateralism and the WTO? Ultimately, the main question could be: who is in the driving seat in this brave new world for trade?

AIG Global Trade Series AIG

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    • 5.0 • 3 Ratings

Back to the Future: a New Era of Managed Trade?

Globalisation’s next chapter is being written, driven by concerns about supply chain risks. The global trade in goods is increasingly seen through a security prism in capitals around the world and governments are developing new policies to reduce unwanted dependencies, seek new sources of leverage and guarantee supplies. Trade links are being reordered as policymakers scramble to secure access to strategic materials and positions in global value chains. Meanwhile, geopolitical turbulence and climate ambitions are giving rise to industrial policies, sanctions and a growing use of subsidies.

From investment screening to quotas to export controls, policymakers are proposing an increasing number of tools and policies to steer trade and investment flows. But despite worries about protectionism and fragmentation, trade continues as the private sector manages risk by embracing diversification. Elections in the US, EU, Mexico, UK, Indonesia, India and elsewhere may also lead to a reordering of the global politics of trade. Has the global trade system entered an era of managed trade? What will it mean for regional approaches to trade, and what does it mean for multilateralism and the WTO? Ultimately, the main question could be: who is in the driving seat in this brave new world for trade?

    Trade and the Ballot Box: US and UK Elections 2024

    Trade and the Ballot Box: US and UK Elections 2024

    The 2024 edition of the AIG Global Trade Series explores the theme of ‘Back to the Future: A New Era of Managed Trade?’

    This special episode, recorded live at Chatham House on the eve of their 2024 Global Trade Conference, considers the potential repercussions on trade of the upcoming US and UK elections.
     
    In the UK, current polling suggests that the Labour Party of Sir Keir Starmer is heading for victory whenever the election is called.  Across the Atlantic, Joe Biden and Donald Trump are set for the first rematch in an American presidential election for 70 years.
     
    What do the various potential election outcomes mean for British and American trade policy?   And what might they mean for global trade?
    Panellists:       Creon Butler, Director, Global Economy and Finance Programme, Chatham House
    Jennifer Hillman, Professor, IIEL at Georgetown Law; Co-Director of The Center on Inclusive Trade and Development, Georgetown Law
    Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute
    This podcast episode was recorded on 7 March 2024.___
    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); the Clingendael Institute (The Netherlands); Elcano Royal Institute (Spain); ERIA – the Economic Research Institute for ASEAN and East Asia (Indonesia); IIEL - the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).
    The views and opinions expressed in this podcast series are those of the speakers and do not reflect the views, policy or position of American International Group Inc, or its subsidiaries or affiliates (AIG). Any content provided by the speakers in this podcase series is their opinion, and is not intended to malign any religion, ethnic group, club, organization, company, individual or group of individuals or anyone or anything. AIG makes no warranty or representations as to the accuracy, completeness, correctness or validity of any information provided during this podcast series, and AIG will not be liable for any errors, inaccuracies or omissions in the information provided during this podcast series or any damages, losses, liabilities, injuries resulting from or arising from the Podcast including your use of the Podcast. 

    • 39 min
    Securing access to critical metals – is US and EU collaboration possible?

    Securing access to critical metals – is US and EU collaboration possible?

    Supply, demand and contrasting approaches to security in critical metals.
    Panellists:        Kathleen Claussen, Professor of Law, Georgetown Law  
    Simon Evenett, Professor of International Trade and Economic Development, St. Gallen University; Founder of the St. Gallen Endowment for Prosperity Through Trade   
    Moderator:      Rem Korteweg, Senior Research Fellow, Clingendael Institute 
    This podcast episode was recorded on 27 February 2024. 
    The 2024 edition of the AIG Global Trade Series explores the theme of ‘Back to the Future: A New Era of Managed Trade?’  
    Alongside decarbonisation, the digital transition is leading to higher demand for specialty metals and rare earths elements. With the chemical properties of cobalt, lithium and gallium amongst others being crucial to the production of advanced technologies, and the lack of substitutes, these critical metals are imported from abroad from specific locations. 
    This concentration of resources, and the consequently increased risk of disruption, has led to concerns about these supply chains being weaponised or leveraged as tools of economic coercion by a producing or processing country. Given the strategic importance to them both of these critical metals, how can the EU and the US secure their access?  This episode explores the dynamics of trade flows in critical resources from both European and US perspectives.   
    Related content from GTS Contributors:  Report – Authors: Simon Evenett and Johannes Fritz | The Scramble for Critical Raw Materials: Time to Take Stock? 
    Blog – Author: Kathleen Claussen | What is a Free Trade Agreement, Anyway?
    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); the Clingendael Institute (The Netherlands); Elcano Royal Institute (Spain); ERIA – the Economic Research Institute for ASEAN and East Asia (Indonesia); IIEL - the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).  
    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.   

    • 47 min
    Where does globalisation go from here?

    Where does globalisation go from here?

    Where does globalisation go from here?
    Changing dynamics of the global trade landscape

    Panellists:       
    Cecilia Malmström, former European Commissioner for Trade; Nonresident Senior Fellow, Peterson Institute for International Economics
     
    Jeongmin Seong, Partner, McKinsey Global Institute (MGI)
     
    Deborah Elms, Founder and Executive Director, Asian Trade Centre
     
     
    Moderator:     
    Rem Korteweg, Senior Research Fellow, Clingendael Institute
     
    This podcast episode was recorded on 2 November 2023.


    The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape.
     
    A major theme of the year in global trade has been the reshaping of
    global value chains and the consequent rise in supply chain risk. In response, policy-makers have focused on economic security - reducing unwanted economic dependencies and mitigating the risk of economic coercion.  This has helped fuel industrial policy, given new significance to the use of subsidies, and encouraged diversification and 'friend shoring’.

    Yet for all this, global trade is continuing. So how much change has actually taken place? Is the world de-globalising? And how have these trends manifested in Asia, Europe and the Americas?
     
    In this podcast, the GTS 2023 season finale, experts discuss how global trade flows are evolving and assess the outlook for the continued regionalisation of trade in 2024.

    ___________________________________________

    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the ⁠⁠⁠⁠⁠⁠Aspen Institute Germany⁠⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠⁠Chatham House (UK)⁠⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠⁠CEBRI - the Brazilian Center for International Relations⁠⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠⁠Clingendael Institute⁠⁠⁠⁠⁠⁠ (The Netherlands); ⁠⁠⁠⁠⁠⁠Institute of International Economic Law at Georgetown University Law Center ⁠⁠⁠⁠⁠⁠(US); ⁠⁠⁠⁠⁠⁠ISPI - the Italian Institute for International Political Studies⁠⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠⁠Jacques Delors Institute⁠⁠⁠⁠⁠⁠ (France); ⁠⁠⁠⁠⁠⁠RIETI - the Research Institute of Economy, Trade and Industry⁠⁠⁠⁠⁠⁠ (Japan) and the ⁠⁠⁠⁠⁠⁠St. Gallen Endowment for Prosperity through Trade⁠⁠⁠⁠⁠⁠ (Switzerland). 

    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

    • 48 min
    The Future of Digital Standards Setting

    The Future of Digital Standards Setting

    Regional competition or global harmonisation?

    Panellists:       
    Anu Bradford, Professor of Law and International Organization, Columbia University
    Karen Kornbluh,
    Distinguished Fellow for Technology and Competitiveness, German Marshall Fund
     
    Moderator:     
    Rem Korteweg, Senior Research Fellow, Clingendael Institute
     
    This podcast episode was recorded on 26 October 2023.
     
    The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape.
     
    The proliferation of Artificial Intelligence and other data driven services will have a transformative impact on world trade.  At the
    same time, expanding regulation of the digital economy – be it related to AI, concerns around disinformation or cyber security - will also have profound implications for the way trade is conducted. 
    In this context the issue of who sets the standards for the global digital economy - and how it is regulated - becomes critical, especially as standard setters often have a material advantage in the market.
     
    So how can different approaches to digital regulation be reconciled against a backdrop of geopolitical tension and macroeconomic insecurity? What is the risk of the digital trade space becoming more fragmented? And what does this mean for the future of trade overall?


    ___________________________________________

    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the ⁠⁠⁠⁠⁠Aspen Institute Germany⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠Chatham House (UK)⁠⁠⁠⁠⁠; ⁠⁠⁠⁠⁠CEBRI - the Brazilian Center for International Relations⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠Clingendael Institute⁠⁠⁠⁠⁠ (The Netherlands); ⁠⁠⁠⁠⁠Institute of International Economic Law at Georgetown University Law Center ⁠⁠⁠⁠⁠(US); ⁠⁠⁠⁠⁠ISPI - the Italian Institute for International Political Studies⁠⁠⁠⁠⁠; the ⁠⁠⁠⁠⁠Jacques Delors Institute⁠⁠⁠⁠⁠ (France); ⁠⁠⁠⁠⁠RIETI - the Research Institute of Economy, Trade and Industry⁠⁠⁠⁠⁠ (Japan) and the ⁠⁠⁠⁠⁠St. Gallen Endowment for Prosperity through Trade⁠⁠⁠⁠⁠ (Switzerland). 

    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

    • 52 min
    WTO: Between Fragmentation and Globalisation

    WTO: Between Fragmentation and Globalisation

    Recorded live from the WTO Public Forum 2023

    Panellists: 
    Angela Ellard, WTO Deputy Director-General
     
    Jennifer Hillman, Professor, IIEL at Georgetown Law; Co-Director of The Center on Inclusive Trade and Development, Georgetown Law
     
    Stormy-Annika Mildner, Executive Director, Aspen Institute Germany
     
    Moderator:     
    Rem Korteweg, Senior Research Fellow, Clingendael Institute
     
    This podcast episode was recorded on 13 September 2023.

    The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape. This special episode of the GTS was recorded at the headquarters of global trade – the WTO in Geneva - during its annual Public Forum in September. With the theme ‘It's Time For Action’, the 2023 WTO Public Forum brought delegates and trade experts together to assess the state of trade multilateralism.
    Many of these discussions focused on how trade can contribute to tackling climate change and promoting sustainability. A new sense of urgency was palpable this year. The 2023 WTO Global Trade Report, launched during the Public Forum, also raised concerns about the regionalisation or even fragmentation of the trade landscape. Protectionist tendencies remain strong and proliferating subsidies are posing a challenge to multilateral rulemaking. At the same time, in a context of rising geopolitical tensions, trade policy is increasingly seen through a national security lens.
    Where does this gloomy outlook leave the WTO? What role can it play in reducing the risks of trade fragmentation and restoring the credibility and relevance of a rules-based system?
    ___________________________________________

    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the ⁠⁠⁠⁠Aspen Institute Germany⁠⁠⁠⁠; ⁠⁠⁠⁠Chatham House (UK)⁠⁠⁠⁠; ⁠⁠⁠⁠CEBRI - the Brazilian Center for International Relations⁠⁠⁠⁠; the ⁠⁠⁠⁠Clingendael Institute⁠⁠⁠⁠ (The Netherlands); ⁠⁠⁠⁠Institute of International Economic Law at Georgetown University Law Center ⁠⁠⁠⁠(US); ⁠⁠⁠⁠ISPI - the Italian Institute for International Political Studies⁠⁠⁠⁠; the ⁠⁠⁠⁠Jacques Delors Institute⁠⁠⁠⁠ (France); ⁠⁠⁠⁠RIETI - the Research Institute of Economy, Trade and Industry⁠⁠⁠⁠ (Japan) and the ⁠⁠⁠⁠St. Gallen Endowment for Prosperity through Trade⁠⁠⁠⁠ (Switzerland). 

    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

    • 49 min
    Sanctions and Screening: Trade, conflict and interdependence

    Sanctions and Screening: Trade, conflict and interdependence

    Panellists:
    Nicholas Mulder, Assistant Professor of History, Cornell University

    Emily Benson, Director, Project on Trade and Technology and Senior Fellow, Scholl Chair in International Business, CSIS

    Moderator:
    Rem Korteweg, Senior Research Fellow, Clingendael Institute

    This podcast episode was recorded on 8 August 2023.

    The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape.

    As the high tide of globalisation recedes, trade and economic interdependence are increasingly seen by governments through the lens of national security. The result is a greater readiness to use economic and trade instruments to protect national security and bolster national resilience. Trade policy is more and more influenced by the need to reduce critical supply chain dependencies and to resist economic coercion by antagonistic states.

    What implications does this growing defensiveness have for international trade flows and how will it impact the global trade landscape for the future?

    _______
    The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the ⁠⁠⁠Aspen Institute Germany⁠⁠⁠; ⁠⁠⁠Chatham House (UK)⁠⁠⁠; ⁠⁠⁠CEBRI - the Brazilian Center for International Relations⁠⁠⁠; the ⁠⁠⁠Clingendael Institute⁠⁠⁠ (The Netherlands); ⁠⁠⁠Institute of International Economic Law at Georgetown University Law Center ⁠⁠⁠(US); ⁠⁠⁠ISPI - the Italian Institute for International Political Studies⁠⁠⁠; the ⁠⁠⁠Jacques Delors Institute⁠⁠⁠ (France); ⁠⁠⁠RIETI - the Research Institute of Economy, Trade and Industry⁠⁠⁠ (Japan) and the ⁠⁠⁠St. Gallen Endowment for Prosperity through Trade⁠⁠⁠ (Switzerland). 

    The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.

    • 49 min

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