Can ‘middle powers’ reset global trade through the CPTPP?
Stewart Paterson 30 June 2021
Brexit may be reconfiguring more than just Europe. According to the latest paper by Research Fellow Stewart Paterson, the UK’s application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) may signal the emergence of middle powers and their influence on global trade. The middle powers – that is, the large trading economies beyond the three superpowers the United States, the European Union, and China – could lead the recovery of free trade and multilateralism, argues Paterson.
China’s dual circulation strategy signals a new era
Stephen Olson 30 June 2021
China’s ‘dual circulation’ strategy has elicited more questions than answers. But amidst growing criticism of China’s trade practices, Senior Research Fellow Stephen Olson argues in his latest article that ‘dual circulation’ is Beijing’s hedge against a dependence on the global economic system. Read the essay for Olson’s take on China’s plans to reduce exposure to forces beyond its borders and strengthen domestic capabilities.
The ongoing microchip shortage is likely to extend into next year. The concentration of the semiconductor market in a few economies is the main culprit, but how did we get here? Featuring three speakers, this webinar explains the shortage's wider implications, and why the race to expand microchip production should be seen as the new moonshot.
The Global Chamber has invited Hinrich Foundation Founder and Chairman Merle Hinrich for a dialogue on global trade and its evolution. The conversation will also cover the topic of sustainable global trade and the Hinrich Foundation Sustainable Trade Index, which measures the readiness of 20 economies to participate in the international trading system, in a manner that supports long term sustainable development. Merle Hinrich will also talk about the importance of FDI, its recent decline, its consequences, and what needs to be done to reverse the trend.
The discussion will be moderated by Doug Bruhnke, Founder/CEO of the Global Chamber.
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