The Global Trading System in Crisis

The growth of the global economy in recent decades has been driven principally by the expansion of global trade and the integration of developing markets into multilateral rules-based global trading system. This system now faces a host challenges, including persistent macroeconomic imbalances due to downward pressure on wage shares, associated destabilising capital flows, rising market concentration, the subordinate role of low- and middle-income countries, and deteriorating trade relationship between the US and China. Our Commissioners discussed main problems, core reform priorities to reshape the policies, institutions, laws and norms that are required for stable and inclusive trading system and which political obstacles this reform process faces. #GlobalEconomicGovernance #LSEGEGC


The Global Trading System in Crisis

This webinar was held on Wednesday 16 November 2022.

Meet the speakers

Dani Rodrik is the Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government. He is the President of the International Economic Association and co-director of Economics for Inclusive Prosperity. He is the author of a recent book on trade, ‘Straight Talk on Trade: Ideas for a Sane World Economy’ (Princeton University Press 2017), and editor with Olivier Blanchard of ‘Combating Inequality: Rethinking Government's Role‘(MIT Press). He is a Commissioner of the LSE Global Economic Governance Commission. 

Michael Pettis is professor of finance at Peking University’s Guanghua School of Management. In addition, he is a Non-Resident Senior Fellow at Carnegie Endowment for International Peace China. Between 1987 and 2001 he worked as a sovereign debt trader and capital markets expert at JP Morgan, Bear Stearns and Credit Suisse First Boston. He is the author of several books, most recently with Matt Klein ‘Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace’ (Yale University Press’). He is a Commissioner of the LSE Global Economic Governance Commission.

Ignacio Garcia Bercero is Director in charge of Multilateral Affairs, Strategy and economic Analysis at DG Trade in the European Commission. Active at the European Commission since 1987, from 2012 he was Director responsible for overseeing EC activities in the fields of Neighboring Countries, US and Canada. He was Chief Negotiator for the TTIP negotiations. Between 2005-2011 he was director  in the areas of Sustainable Development, Bilateral Trade Relations (South Asia, South-East Asia, Korea, EuroMed and the Middle East). Mr Garcia Bercero was also the Chief Negotiator for the EU-Korea and EU-India Free Trade Agreements. Before that, he was head of unit for WTO Dispute Settlement. He has written several papers and publications on WTO matters, Safeguard Measures, Trade and Competition, Dispute Settlement and Regulatory Cooperation.

Dr Christine Côté is currently an Associate Professorial Lecturer in the Department of Management at the London School of Economics and the Academic Director of the CEMS Masters in International Management programme and the MBA Exchange at LSE. She is also a member of LSE's International Trade Policy Unit and a lecturer on the Programme in Advanced Trade Negotiation run by LSE Enterprise for the UK Government. Before entering academia, Dr Côté worked as an international trade negotiator with the Department of Foreign Affairs and International Trade Canada. In this capacity she represented Canada in negotiations at the World Trade Organisation (WTO) in Geneva, the Organization for Economic Cooperation and Development (OECD) in Paris and on bilateral trade and investment agreements.