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The Trade Guys
Potential Solutions for the Global Trading System
Dec 15, 2023
Discussion on national security and economics, supply chain resilience, global collective action problems, populism's impact on trade, de-risking and supply chains, and trade clustering. Exploring the history of globalization and its challenges. The importance of leadership, negative impacts of tariffs, and frustration caused by governments not cooperating. Embracing compromise to address demographic challenges. Congress and the American people's role in shaping policy on immigration.
33:55
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Quick takeaways
- US leadership and reform within the World Trade Organization are crucial in addressing trade challenges and rebuilding trust in multilateralism.
- The United States should utilize its economic strength to attract partners and address collective action issues, while considering values like human rights and sustainability.
Deep dives
Looming Challenges in the Global Trading System
The podcast discusses the challenges in the global trading system, including the conflation of national security with economics, resilience and redundancy due to supply chain crises, global collective action problems like climate change, worker rights and human rights issues, and the rise of populism and protectionism. It also mentions the fragmentation of the trading system and the concept of trade clustering. However, despite these challenges, the podcast concludes that globalization is changing form rather than going away completely.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode