Macro Musings with David Beckworth cover image

Paul Tucker on *Global Discord: Values and Power in a Fractured World Order*

Macro Musings with David Beckworth

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Is There a Threat to the WTO?

The new world order isn't going to be possible until there's a decisive conflict of some kind or more likely other popular states have risen. Until then, I think we're going to have a kind of lingering status quo because of the inertial value of incumbency. With trade, it's much more difficult and cross-border investment even more. And so you need a way of agreeing, not identical but coherent approaches to how you take care.

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