The new world order and the future of trade

Despite the shock of COVID-19 and the long-term impact of the 2008 global financial crisis, international economic partnership is in short supply. At a time when the global economy is riven with more crises and trade disruptions than ever before, stronger global governance could offer a much-needed public good.

Asia House is actively exploring the scope for new pathways between global governance, multilateralism and the future of trade.

Key themes we are exploring

• Global financial coordination
  Global economic governance is a global public good that has been undersupplied given increased volatility, economic disruption and shocks.
• Managing economic shocks
  The transmission and management of shocks is crucial to understand for the future of trade. Effective management helps countries safeguard trade and build precautionary resources.
• Asia’s role in the rise of protectionism
  Economic nationalism and protectionism are key risks that might fuel economic decoupling and weaker supply chains. We focus on Asia’s role in the rise of protectionism, including US-China trade tensions.
• FTA outlook and analysis
  Assessing the impact and developments across key regional FTAs, including RCEP and CPTPP.

• A trade-led recovery from COVID-19
  Exploring the scope for Asia lead to lead the recovery in trade given its commercially driven activity.

For more information about Asia House research in these areas, please contact Phyllis Papadavid, Head of Research and Advisory: phyllis.papadavid@asiahouse.co.uk

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