It’s not just size. China’s pragmatic trade strategy, which prioritizes meeting the development needs of its trading partners, has played a key role, too.
Jane Kelsey, University of Auckland, Waipapa Taumata Rau
The recent World Trade Organization conference in Abu Dhabi has again failed to resolve any of the big issues on the table. Power relations rather than rule-based negotiation will fill the void.
As other nations race to restructure their economies in line with a low-carbon future, Australia risks being left behind. An economy-shaping tax on fossil fuels is a conversation we must have.
Talk of a joint BRICS currency feeds into ‘decline of the dollar’ rhetoric. But it is the economic bloc’s focus on innovation that will reshape the international system.
Trade regulation by rich countries against pests and disease is gradually making its way into the less developed nations. On top of safer foods, new research shows this could also bring sustainable growth.
The US, Japan and other wealthy G-7 nations plan to remove Russia’s status as a most-favored nation. A trade expert explains what that term means and what might happen next.