The prospect of bilateral trade agreements involving the US, the EU, and much of Asia suggests that global trade negotiations are being superseded by huge new regional pacts. Will abandoning multilateralism reduce or exacerbate the political and economic risks of liberalizing trade among the world's largest markets?
Jul 4, 2013 explains how multilateral trade negotiations fail ordinary citizens.
The recent sharp slowdown in economic growth and surge of inflation have rekindled grim memories of the 1970s. Is the global economy heading into another perfect stagflationary storm, or will policymakers manage to navigate a safer course?
