THE GLOBAL ECONOMY - SPRING 2013 SERIES
THE FUTURE OF GLOBAL TRADE
Jagdish Bhagwati, University Professor, Columbia University; Senior Fellow in International Economics, Council on Foreign Relations
Global multilateral trade talks have stalled. The latest phase of negotiations—the Doha Round—was initiated in 2001 and yet there is no end in sight. According to Pascal Lamy, the director general of the World Trade Organization, an agreement on Doha by the end of the year is unlikely, even though a deal would provide a boost to the global economy. In contrast, there has been a proliferation of negotiations on super regional preferential trade agreements, such as the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (ASEAN+6), and the US-EU free trade agreement (TTIP). Is the world fragmenting into competing trading blocs? How would these agreements impact regions excluded from negotiations, such as Africa? What are the wider implications of the current developments for global trade and the global economy? Please join us for the first program in our spring 2013 Global Economy Series with Jagdish Bhagwati, as he discusses the future of global trade.
Jagdish Bhagwati is a University Professor at Columbia University and a senior fellow in international economics at the Council on Foreign Relations. He has made pioneering contributions to the study of development, globalization, international trade, foreign aid, and immigration. He also writes frequently for leading media worldwide. He has served in many advisory roles, including at the GATT as economic policy adviser to Director General Arthur Dunkel, and at the UN to Secretary General Kofi Annan on globalization and on the New Partnership for Africa's Development process. He works with many NGOs, including Human Rights Watch.
His latest book, coauthored with Arvind Panagariya, Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries, and his book Termites in the Trading System: How Preferential Agreements Undermine Free Trade, will be available for purchase and signing following the program.
- Commentaries by Jagdish Bhagwati, Project Syndicate
- Sadanand Dhume, “Debating the Tiger’s Rise,” The Wall Street Journal, 4/15/2013
- “WTO Cuts 2013 Trade Growth Forecast,” BBC, 4/10/2013
- “World Trade: The Other Conclave,” The Economist, 03/16/2013
- “EU ‘Growth Boost From US Free-Trade Deal,’” BBC, 3/3/2013
- Jeanne Park and Jeffrey J. Schott, “Why Transatlantic Trade Winds Are Blowing,” Council on Foreign Relations, 2/25/2013
- Larry Elliott, “Cutting Trade Red Tape Could Boost Global Economy By $1tn, Says WTO,” The Guardian, 2/25/2013
- Marcel Fratzscher, “EU-US Free Trade Deal Could Be Costly,” Financial Times, 2/21/2013
- “Building Blocks,” The Economist, 12/22/12
- “Goodbye Doha, Hello Bali,” The Economist, 9/8/2012