(AGENPARL) – gio 01 giugno 2023 Despite geopolitical tensions, meaningful cooperation on trade remains possible
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F&D June 2023 Issue:
Trade, Disrupted [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ]
June Cover [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ]
(Credit: Nataliia Shulga)
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Dear Colleague,
The liberal global trading system faces an existential moment, with many countries increasingly concerned that closer economic integration risks clashing with national security. *Trade, Disrupted* is thus the moniker of *Finance & Development Magazine’s* June edition [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ].
“Some policymakers, viewing globalization as a threat to domestic industries and national security, seek to reduce their reliance on precarious global supply chains,” writes [ https://www.imf.org/en/Publications/fandd/issues/2023/06/Editor-letter-trade-in-turmoil?utm_medium=email&utm_source=govdelivery ] F&D editor-in-chief, *Gita Bhatt*. “Even countries that once championed free trade are turning inward to isolate from rivals and secure strategic supplies of everything from computer chips to rare earths.”
In this issue, eminent voices from international organizations, governments, and academia share their views on the global trading regime’s benefits, pitfalls, and opportunities for improvement. They discuss economic security, geoeconomic fragmentation, industrial policy, export controls, regional trade agreements, tech’s effect on trade, green trade tensions, trade’s impact on women, and much more.
We hope you enjoy reading this edition.
*FEATURED ARTICLES:*
* Growing Threats to Global Trade [ https://www.imf.org/en/Publications/fandd/issues/2023/06/growing-threats-to-global-trade-goldberg-reed?utm_medium=email&utm_source=govdelivery ] | *Pinelopi K. Goldberg and Tristan Reed*
* World Trade Can Still Drive Prosperity [ https://www.imf.org/en/Publications/fandd/issues/2023/06/world-trade-can-still-drive-prosperity-georgieva-okonjo-iweala?utm_medium=email&utm_source=govdelivery ] | *Kristalina Georgieva and Ngozi Okonjo-Iweala*
* The Return of Industrial Policy [ https://www.imf.org/en/Publications/fandd/issues/2023/06/the-return-of-industrial-policy-douglas-irwin?utm_medium=email&utm_source=govdelivery ] | *Douglas Irwin*
* Intersecting Paths [ https://www.imf.org/en/Publications/fandd/issues/2023/06/intersecting-paths-caroline-freund?utm_medium=email&utm_source=govdelivery ] | *Caroline Freund*
* The Challenge of Export Controls [ https://www.imf.org/en/Publications/fandd/issues/2023/06/challenge-of-export-controls-chad-bown?utm_medium=email&utm_source=govdelivery ] | *Chad P. Bown*
* Green Trade Tensions [ https://www.imf.org/en/Publications/fandd/issues/2023/06/green-trade-tensions-kaufman-saha-bataille?utm_medium=email&utm_source=govdelivery ] | *Noah Kaufman, Sagatom Saha, and Christopher Bataille*
* A Way Forward for Global Trade [ https://www.imf.org/en/Publications/fandd/issues/2023/06/POV-a-way-forward-for-global-trade-michael-froman?utm_medium=email&utm_source=govdelivery ] | *Michael Froman*
* Pillar of Economic Security [ https://www.imf.org/en/Publications/fandd/issues/2023/06/pillar-of-economic-security-ralph-ossa?utm_medium=email&utm_source=govdelivery ] | *Ralph Ossa*
* The Rise of Discriminatory Regionalism [ https://www.imf.org/en/Publications/fandd/issues/2023/06/the-rise-of-discriminatory-regionalism-michele-ruta?utm_medium=email&utm_source=govdelivery ] | *Michele Ruta*
* The Costs of Geoeconomic Fragmentation [ https://www.imf.org/en/Publications/fandd/issues/2023/06/the-costs-of-geoeconomic-fragmentation-bolhuis-chen-kett?utm_medium=email&utm_source=govdelivery ] | *Marijn A. Bolhuis, Jiaqian Chen, and Benjamin Kett*
* Superpowers Are Forsaking Free Trade [ https://www.imf.org/en/Publications/fandd/issues/2023/06/superpowers-are-forsaking-free-trade-ngaire-woods?utm_medium=email&utm_source=govdelivery ] | *Ngaire Woods*
* Trade Drives Gender Equality and Development [ https://www.imf.org/en/Publications/fandd/issues/2023/06/trade-drives-gender-equality-and-development-rocha-piermartini?utm_medium=email&utm_source=govdelivery ] | *Nadia Rocha and Roberta Piermartini*
* Aging Is the Real Population Bomb [ https://www.imf.org/en/Publications/fandd/issues/Series/Analytical-Series/aging-is-the-real-population-bomb-bloom-zucker?utm_medium=email&utm_source=govdelivery ] | *David E. Bloom and Leo M. Zucker*
* Riskless Capitalism [ https://www.imf.org/en/Publications/fandd/issues/2023/06/POV-riskless-capitalism-rajan-zingales?utm_medium=email&utm_source=govdelivery ] | *Raghuram Rajan and Luigi Zingales*
Also in this issue, *Bob Simison* profiles [ https://www.imf.org/en/Publications/fandd/issues/2023/06/PIE-world-trade-defender-anne-krueger?utm_medium=email&utm_source=govdelivery ] *Anne O. Krueger*, whose research helped build the global trading system that’s now under attack. Former Korean trade chief *Yoo Myung-hee* talks [ https://www.imf.org/en/Publications/fandd/issues/2023/06/Trenches-policymaker-and-negotiator-yoo-myung-hee?utm_medium=email&utm_source=govdelivery ] about risk amid economic fragmentation. UNHCR’s *Filippo Grandi* argues [ https://www.imf.org/en/Publications/fandd/issues/2023/06/Cafe-econ-partnerships-for-refugees?utm_medium=email&utm_source=govdelivery ] that long-term solutions for refugees go beyond humanitarian aid.
*Elizabeth Van Heuvelen* explains [ https://www.imf.org/en/Publications/fandd/issues/2023/06/B2B-subsidy-wars-elizabeth-van-heuvelen?utm_medium=email&utm_source=govdelivery ] subsidy wars and how cooperation and common understanding could dial back trade tensions.
*Andrew Stanley* illustrates [ https://www.imf.org/en/Publications/fandd/issues/2023/06/PT-globalization-peak-Stanley?utm_medium=email&utm_source=govdelivery ] how trade plateaus and restrictions rise, marking a new era for globalization. *Smita Aggarwal* explores [ https://www.imf.org/en/Publications/fandd/issues/2023/06/Currency-N-face-value-smita-Aggarwal?utm_medium=email&utm_source=govdelivery ] how many Commonwealth countries are reconsidering whom to feature on their banknotes.
*Max Harris* reviews [ https://www.imf.org/en/Publications/fandd/issues/2023/06/Book-unwelcome-return-max-Harris?utm_medium=email&utm_source=govdelivery ] "We Need to Talk About Inflation: 14 Urgent Lessons from the Last 2,000 Years" by *Stephen D. King*.* Bert Van Selm* looks [ https://www.imf.org/en/Publications/fandd/issues/2023/06/Book-strategies-for-small-states-bert-van-Selm?utm_medium=email&utm_source=govdelivery ] at *DeLisle Worrell’s* book, "Development and Stabilization in Small Open Economies: Theories and Evidence from Caribbean Experience." And *Matthew Ball’s* "The Metaverse" is reviewed [ https://www.imf.org/en/Publications/fandd/issues/2023/06/Book-the-next-big-thing-pooja-Singh?utm_medium=email&utm_source=govdelivery ] by *Pooja Singh*.
Sincerely,
F&D Team
Stay Engaged
no
Nick Owen
Senior Editor
F&D Magazine
P.S.  As always, this issue of F&D will soon be available in español, français, ????, ???????, ?? and ???.
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