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Global Economic Dynamics

Newsletter of July 2018

We help make complex economic dynamics transparent and understandable. The project examines the causes and effects of economic trends, as well as the connections linking one trend to another.

 

Geneva

DG Azevêdo Receives Experts’ Report on Future of Global Trade Governance

WTO Director-General Roberto Azevêdo met on 17 July with representatives of the Bertelsmann Stiftung’s High-Level Board of Experts to receive their report on the Future of Global Trade Governance. The report outlines four complementary avenues that can be pursued to revitalize the WTO as a forum for trade cooperation and conflict resolution. read more

 

Report

Revitalizing Multilateral Governance at the World Trade Organization

The World Trade Organization (WTO) serves as a place where trade policy issues are addressed, disputes arbitrated, legal frameworks derived and enforced. Through these functions, the WTO ensures that the rules of trade policy are inspired by fairness and reciprocity rather than national interest. It is crucial to vitalize the global public good that it represents against various threats that have been undermining it. The Bertelsmann Stiftung’s Expert Board on the Future of Trade Governance has released a report that elaborates a series of feasible policy recommendations that will increase the effectiveness and salience of the WTO. read more

 

Focus Paper

Can Better Institutional Learning Improve Working Practices at the WTO?

The WTO should have a central role in the making and enforcement of international trade law. But many member states are increasingly frustrated with the working practices in this organization. Could institutional learning help improving the salience of the organization for its members? This paper by Prof Robert Wolfe suggests that systematic discussion of transparency by encouraging institutional learning could help Members of the WTO to recover a shared sense of collective purpose. read more

 

Kick-off Paper

3 Ideas to Revitalize the Multilateral Trading System

The multilateral trading system, as embodied by the World Trade Organization is under threat. Even before Trump and trade wars, the WTO lost the central role it had as a place discussion, rule-making and conflict resolution. A new paper that the Bertelsmann Stiftung commissioned from Dr. Robert Basedow discusses the options that have been forwarded to strengthen the WTO and the multilateral trading System. read more

 

Blog Post

Strategic Behavior in Trade Wars

With Donald Trump starting a Trade war, The EU is under pressure. While some favour abstaining from countermeasure, others are willing to engage in that war. We take a look at the insights of game theory to formulate a rational strategy for the European perspective. read more

 

Blog Post

7 Risks for the Global Economy

After the global economy experienced a small dip in growth in 2016, the world’s real gross domestic product (GDP) has been growing slightly more strongly since 2017. At present, most projections assume that the global economy could continue to grow by around four percent in the coming years. However, there are also numerous risks that endanger this growth process. read more

 

About Global Economic Dynamics (GED):

We help make complex economic dynamics transparent and understandable.

The project examines the causes and effects of economic trends, as well as the connections linking one trend to another.

 

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Andreas Esche

Director, Program Megatrends

 

Bertelsmann Stiftung

Carl-Bertelsmann-Str. 256

33311 Gütersloh

Germany

Tel: +49 5241 81-81333

Fax: +49 5241 81-681333

E-mail: ged@bertelsmann-stiftung.de

Web: www.bertelsmann-stiftung.de

 

The Bertelsmann Stiftung, based in Gütersloh, Germany, is an nonprofit, private

operating foundation in accordance with Section 1 of North Rhine-Westphalia's Foundation Law.

The district government of Detmold serves as its supervisory authority.

Founder: Reinhard Mohn

Chairman of the Board of Trustees: Prof. Dr. Werner J. Bauer

Executive Board: Aart De Geus (Chair), Liz Mohn (Vice Chair), Dr. Jörg Dräger, Dr. Brigitte Mohn