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.

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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.