In the 20 years leading up to the financial crisis, international trade grew at twice the rate of global output. Since then, trade has struggled to recover. Recent data is more worrying still, suggesting that trade's share of global GDP is falling. With mainstream political support for multilateral trade deals diminishing and populist movements on the rise in the U.S. and Europe, it is time to examine the future of globalization. Panelists will consider the following questions:
- Has international trade -- and globalization more broadly -- entered a period of stagnation or even reversal?
- Once unleashed, can globalization ever reverse or are we just seeing a slowdown in a normal cycle?
- What are the implications for the global economy and the international economic order?