The World Trade Organization (WTO) is experiencing a crisis of legitimacy — trade wars rage on and the Appellate Body is unable to function. In this essay series, authors examine where the WTO is falling short, consider the opportunities that lie ahead and discuss options for a modernized WTO.
CIGI President Rohinton P. Medhora explains why central, strong organizations such as the WTO are necessary for managing globalization — especially during crises like the COVID-19 pandemic.
Previous efforts at reforming the WTO failed because the system was working reasonably well. That's no longer the case. In this essay, Valerie Hughes explains why modernizing the Dispute Settlement Understanding is more urgent than ever.
Last week, the International Monetary Fund (IMF) held virtual spring meetings, with many of the sessions focused on the recession that could be brought on by the outbreak of COVID-19. See James Boughton's comment on the limits of IMF power without Group of Twenty direction, and listen to Thomas Bernes's consideration of the threat facing the global economy.
A robust set of international institutions are doing everything in their power to keep economies and health-care systems afloat. But, as James Boughton writes, one thing is missing: overall direction and cooperation.
Economies are moving from a supply shock to a demand shock that will inevitably bring job losses and a recession. In this article, Emilios Avgouleas discusses the economic lessons to be learned amid the pandemic.
May 7 – 7:00 p.m. EDT (UTC–04:00): In a virtual edition of our community event series, CIGI's Aaron Shull will lead a discussion on the role think tanks can play during times of global crisis. The event will close with a question period and will be hosted as a Zoom video conference.
EXPLORE
WATCH
READ
RSVP
