Global Trade: Future Foresight & Analysis for Governments
The world economy has seen a paradigm shift like no other. For
decades, developing countries rallied against free trade in an
attempt to protect local industries, while developed economies
sounded its virtues. Now developed economies are seeing
another shift towards enhanced service, tech industry jobs and gig economies, while manufacturing industries are losing ground to
automation and labor markets abroad. As specializations shift, developed nations find themselves
enacting the very same protectionist policies they argued against
for decades in order to secure jobs and protect their local industry.
In this session, Paul Krugman, one of the most vocal proponents of free trade expounds its virtues and the benefits the world will see, even as developed economies work through the growing pains of an economic transition.