"Deregulation, re-globalization rather than massive de-globalization, I think, is what's happening,"
"So you're seeing more regional concentrations of trade, and I think you're seeing new experiments being born in this environment."
"I'm paying attention to what is happening under the rubric of coalitions of the willing because there are a lot of restrictions that are being introduced by governments around the world, and some of them in the name of economic security, sometimes in the name of economic growth,"
Trade has remained resilient even as global fragmentation and uncertainty rise. Deregulation and re-globalization are producing stronger regional concentrations of trade and new cooperative experiments. Aggressive tariffs, notably from recent U.S. policy, have pushed average effective tariff rates to near-century highs and forced export-dependent countries to find alternative partners. Governments are introducing restrictions framed as economic security or growth, encouraging coalitions of willing partners. Asian and Middle Eastern economies are seeking closer integration, and corporate leaders must engage governments more frequently. Western democracies face pressure to accelerate decision-making to maintain competitiveness.
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