EACC Insights: Is Trump Aiming to DEglobalize Us?

As former General Director of the WTO, Pascal Lamy brings an expert look at the current global situation. International trade is at the center of concern.

|   07/08/2018               |   EACC             |   Lamy Pascal             |   Economics and finance

If there is any seemingly permanent feature of the last decades whose future is now uncertain, it is globalization. Globalization – the intensification of international trade that results in the growing diversity of sites to produce goods and services – is enabled by technology that reduces distance frictions and an ideology that rewards opening because more advanced international divisions of labour boost efficiency.