The Sustainability of the International Trade System and the Future of Globalization
International trade – traditionally a major engine of global growth – has been experiencing a significant slowdown over the past few years with a growth forecast of only 2.6% for 2019 triggered by commercial tensions, a slowdown in the major economies, financial volatility, and tightening monetary policies of developed economies. Does the WTO remain a sustainable rules-based international trade system, or does it require fundamental reform to ensure that it plays a role in job creation, growth and stability around the world? How could a reinvigorated international trade system help address challenges stemming from technological automation to stimulate job creation and boost development? How might shrinking trade and a reversal of globalization trends impact economic growth and security across the globe?
Geoff Cutmore, Anchor, CNBC
Carmine Di Sibio, Global Chairman and Chief Executive Officer-elect, EY
Daniel Yergin, Vice Chairman, IHS Markit
James McCormack, Global Head of Sovereign and Supranational Ratings Group, Fitch Ratings
Timur Maksimov, Deputy Minister of Economic Development of the Russian Federation
Alexey Mordashov, Chairman of the Board of Directors, Severstal