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Why the world still needs trade: The case for reimagining not abandoning globalization

By: Iweala, Ngozi Okonjo.
Material type: materialTypeLabelBookPublisher: Foreign Affairs Description: 102(4), Jul-Aug, 2023: p.94-103.Subject(s): International trade In: Foreign AffairsSummary: The international economic architecture built after 1945 was based on a powerful idea; economic interdependence is crucial, f insufficient, for global peace and prosperity. The international monetary fund, the world bank and the predecessor to the world trade organization were founded in response to the three preceding decades of ceaseless instability, when the world had been devastated by two world wars, the great depression, and political extremism. It had also been a period of delocalization, in which countries retreated into increasingly isolated trading blocs. In the rubble of world war II, governments sought to construct a new system that, by linking countries in a dense web of economic ties, would consign such chaos and division to history. – Reproduced
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Articles Articles Indian Institute of Public Administration
102(4), Jul-Aug, 2023: p.94-103 Available AR129775

The international economic architecture built after 1945 was based on a powerful idea; economic interdependence is crucial, f insufficient, for global peace and prosperity. The international monetary fund, the world bank and the predecessor to the world trade organization were founded in response to the three preceding decades of ceaseless instability, when the world had been devastated by two world wars, the great depression, and political extremism. It had also been a period of delocalization, in which countries retreated into increasingly isolated trading blocs. In the rubble of world war II, governments sought to construct a new system that, by linking countries in a dense web of economic ties, would consign such chaos and division to history. – Reproduced

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