A slowdown in the pace of trade reform since the early 2000s, a post-crisis uptick in protectionism, and the risk of further reversals have weakened trade, productivity, and income growth in the global economy, a joint report by the International Monetary Fund, the World Bank and the World Trade Organization warned on Monday. more...
G-20 Balances Chinese, Western Concerns After strenuous efforts during backroom negotiations running into months, China has managed to get the Group of 20 nations to pledge an end of protectionism in global trade and investments, which has been severely hurting its economy. But it will be a long time before China will reap any benefit, because the G20 gave its members until 2018 to implement the pledge. "We extend our commitments ...
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