Will New Trade Policies Leave the Developing World Behind?
As the United States and Europe pursue climate action and domestic economic goals, developing countries fear that the breakdown of the multilateral trade system will undermine their development prospects. While these concerns are not groundless, poorer countries can and must shape their own trajectories.
CAMBRIDGE – Developing countries are increasingly worried that the United States will turn its back on the multilateral trade regime. Amid rising geopolitical tensions, policymakers in lower- and middle-income countries fear that a breakdown of that regime could make them hostages to great-power politics, undermining their economic prospects.