Tag: wto
-
Impact of Rising Chinese Exports: Analyzing the Loss of 5.7 Million U.S. Jobs and Future Economic Implications
The resurgence of imports from China has sparked concerns among U.S. officials, reminiscent of the early 2000s when the integration of China into the World Trade Organization (WTO) led to a significant loss of American manufacturing jobs, a phenomenon known as the China shock. This period saw nearly 5.7 million U.S. jobs vanish as industries…
-
WTO Chief Okonjo-Iweala Discusses Trade, Development, and the African Continental Free Trade Area on FRANCE 24
In a recent interview with FRANCE 24 English, Dr. Ngozi Okonjo-Iweala, the head of the World Trade Organization (WTO) and former Nigerian Finance Minister, discussed the critical aspects of Africa’s trade and development, emphasizing the importance of the African Continental Free Trade Area, the need for value addition to African products, and the challenges of…
-
Trump and Biden Outline Strategies to Reduce Dependence on China Amid Trade Tensions
The video delves into the trade strategies of both President Joe Biden and former President Donald Trump regarding China, highlighting their plans to mitigate the economic impact of past policies and prevent another “China Shock.” It emphasizes their shared perspective on reducing dependency on Chinese imports while outlining their distinct approaches to trade tariffs and…
-
Assessing Global Trade Dynamics: The Debate Between Free Trade and Protectionism Explored on FRANCE 24
In a detailed discussion on France 24 English, the conversation delves into the complex dynamics of global trade, particularly focusing on the debate between free trade and protectionism. The program highlights the significant impact of increased global trade over the past decades, emphasizing its role in boosting incomes worldwide and notably lifting the poorest 40%…
-
Exploring the End of Hyperglobalization and the Search for a New Economic Model Amidst Geopolitical Changes
The video discusses the evolution and potential decline of hyperglobalisation, highlighting significant shifts in economic models and international trade dynamics. It outlines the historical context of globalization, tracing its acceleration from the post-World War II era to the present day, and examines the impacts of neoliberal policies, the technological revolution, and the 2007-2009 financial crisis…