A broad set of institutions—from the World Trade Organization (WTO) to the World Bank and International Monetary Fund—underpin global trade and economic exchange. GTIPA-member reports in this category examine a variety of facets of international economic institutions, from WTO reform to the effect of regional development banks.
Ursula von der Leyen was elected President of the European Commission by the European Parliament in July 2019.
This Verbatim is based on a presentation to the International Economic Policy Council of the C.D. Howe Institute
on March 20, 2024.
China's entry into the WTO drove its export growth and transition toward a market-oriented economy.
From its inception as a forum to facilitate global cooperation during economic crises, the G20 has consistently faced criticism for its perceived bias towards economic matters. Thus, the study is guided by the research question – How has the G20 agenda evolved over the years?
A sense of foreboding is growing among delegations to the WTO as it enters the final weeks before MC13. It is a biennial gathering few are relishing this time and even fewer believe will end successfully.
The WTO’s 13th Ministerial Conference takes place in Abu Dhabi in late February. Without a clear agenda, MC13’s chance of success is low. With only three weeks to go, the agenda is still wide open. There is no shortage of critical topics.
Ghana’s Finance Ministry has been on a roll lately. Hardly a day goes by without them releasing another feel-good story about the country’s protracted debt restructuring effort or its three-year IMF program, now in its eighth month.
By combining the African Group’s proposal with new rules against trade-distorting industrial subsidies by major global players, the EU can start a new initiative to tackle global economic distortions emanating particularly from non-market economies. While this initiative is no panacea, it offers various attractive advantages.
In Delhi, the G20 chose to convey a message of standing together for collective interests, rather than letting hardline positions on specific issues hold a veto. It must be recognised that such a favourable outcome would not have been possible without a commitment to the core principles of multilateralism.
Great power competition has often led to changes in financial systems. As geopolitical tensions between China and the US increase, momentum has gathered behind efforts, particularly by Beijing and some trading partners, to slowly chip away at dollar dominance.