This episode of Trade Bites looks at competition and industrial policy. China's strong industrial policies and state-backed dominance have fuelled global competition. Recently, this has led to the US, Europe and developed countries, including the UK, implementing much more activist industrial policies to support their own producers and to ensure supplies of strategically important goods.
Is a level playing field a luxury that we can no longer afford in these days of geopolitical contention, or is the pendulum swinging too far away from notions of open competition?
To discuss these important points are Aditi Sara Verghese (World Economic Forum), Anne-Claire Hoyng (Prosus), Peter Holmes (UKTPO, University of Sussex) and our host Chris Horseman (Borderlex).
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This episode of Trade Bites looks at competition and industrial policy. China's strong industrial policies and state-backed dominance have fuelled global competition. Recently, this has led to the US, Europe and developed countries, including the UK, implementing much more activist industrial policies to support their own producers and to ensure supplies of strategically important goods.
Is a level playing field a luxury that we can no longer afford in these days of geopolitical contention, or is the pendulum swinging too far away from notions of open competition?
To discuss these important points are Aditi Sara Verghese (World Economic Forum), Anne-Claire Hoyng (Prosus), Peter Holmes (UKTPO, University of Sussex) and our host Chris Horseman (Borderlex).
The US has re-set its tariffs on goods imports according to a formula based on the size of that country’s trade surplus with the US – a move which has thrown all previous norms out the window.
We are no longer in a world where tariffs and other aspects of trade policy are negotiated multilaterally – with the World Trade Organization as chief overseer.
So where do recent developments leave the global trading system? Is the WTO, and the rules-based system that it oversees, now dead? Joining our host, Chris Horseman (Borderlex), to discuss these issues are Jennifer Hillman (Georgetown University Law Center), L. Alan Winters (CITP/ University of Sussex) and Farisa Zarin (Standard Chartered Bank).
Trade Bites
This episode of Trade Bites looks at competition and industrial policy. China's strong industrial policies and state-backed dominance have fuelled global competition. Recently, this has led to the US, Europe and developed countries, including the UK, implementing much more activist industrial policies to support their own producers and to ensure supplies of strategically important goods.
Is a level playing field a luxury that we can no longer afford in these days of geopolitical contention, or is the pendulum swinging too far away from notions of open competition?
To discuss these important points are Aditi Sara Verghese (World Economic Forum), Anne-Claire Hoyng (Prosus), Peter Holmes (UKTPO, University of Sussex) and our host Chris Horseman (Borderlex).
