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Reinvigorating Trade to Support Growth
Report

Reinvigorating Trade to Support Growth

A Path Forward

IMF, 2016

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Editorial Rating

7

Qualities

  • Comprehensive
  • Background

Recommendation

The result of the Brexit vote and the ire in some circles over the Trans-Pacific Partnership raise questions about long-held beliefs in the broad-based benefits of trade. This pushback is of particular concern because global growth remains weak. Trade expansion since 2001 has slowed considerably from the boom years of the 1990s. This article from the International Monetary Fund argues that a future trade policy architecture must be multilateral and comprehensive to bolster growth. getAbstract recommends this compelling commentary to policy makers and business executives interested in what the next level of international trade might bring.

Take-Aways

  • Growth in world gross domestic product and in trade has been equal from 2008 into 2016, after trade rose at twice the rate of GDP in the 1990s.
  • Fragmented regional trade agreements now dominate global trade negotiations and limit overall growth potential.
  • The “multilateral trading system” aims to coordinate trade practices among countries.

About the Author

The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.