Trade, Development, and Immigration

Syed Kamall writes for City A.M.

"Free trade is a cornerstone of the global economy. It has lifted billions out of poverty and enabled the highest living standards than at any point in human history" so it is worrying that the World Trade Organisation has reported a stark drop in global trade volumes since the coronavirus pandemic began says Syed Kamall, ... Continue reading
Research

Post-pandemic prospects for global trade

Summary The World Trade Organization has predicted that global trade in goods will drop by between 13 and 32 per cent in 2020 as a result of the pandemic. The last time trade volumes dropped substantially, during the financial crisis of 2008, they recovered – but not at pre-crisis rates of growth. Before the current ... Continue reading
The current economic slowdown has exposed the potential fragility of global supply chains and exacerbated concerns over trading with China, says new briefing paper. The World Trade Organization has predicted that global trade in goods will drop by between 13 and 32 per cent in 2020 as a result of the pandemic; The last time trade ... Continue reading
Trade, Development, and Immigration

Alexander Hammond writes for 1828

Covid-19 has crippled the world economy, but nowhere has the economic costs been more severe than in Africa, writes Alexander Hammond, Policy Adviser to the IEA's Director General. In an article for 1828, Alexander argues that "unless rapid reforms are adopted, much of the human progress Africa has made in recent years will vanish." Read ... Continue reading
Trade, Development, and Immigration
Covid–19 has done more than cause a medical and economic crisis. It is provoking a major reorientation of the foreign policy of both the United States and Europe. At the heart of this is the question of their changing relationship with China. It is important that “liberal democracies” answer that question correctly, as the obvious ... Continue reading
In response to Australia and the United Kingdom formally launching negotiations for a Free Trade Agreement, IEA Academic and Research Director Professor Syed Kamall said: "This presents an opportunity at a time when there are concerns over increasing protectionist noises from the US and EU, and trade tensions with China. "It is reassuring for free ... Continue reading
Trade, Development, and Immigration
In April, the World Trade Organisation (WTO) published its latest trade forecast predicting global trade in goods would fall by between 13% and 32% in 2020 due to the economic impact of Covid-19. The forecasts are illustrated in the graph below, showing both pessimistic and optimistic scenarios.   World merchandise trade volume, 2000‑2022 (100 = ... Continue reading
Trade, Development, and Immigration

IEA research quoted in The Spectator

Coronavirus has amplified fears about the supply of medicines and medical supplies in the event of a no-deal Brexit but a piece in The Spectator argues such fears are overblown. Quoting an IEA briefing from 2018, the article notes that the UK "can simply recognise EU standards unilaterally" and so supply should be unaffected by ... Continue reading
Trade, Development, and Immigration

Shanker Singham quoted in Financial Times

Responding to concerns by the National Farmers' Union over the impact of a US-UK trade deal on British farming, IEA fellow Shanker Singham told the Financial Times "if you are going to take that kind of approach, you should never have left the EU." “You can dress up your protectionism as something else" he added, ... Continue reading
Trade, Development, and Immigration

Mark Littlewood writes for The Times

In the coming days, ministers will begin to turn their attention away from the day-to-day handling of the Covid-19 crisis and towards figuring out how we recover from it. But what's the best way to do this? In his biweekly column for The Times, IEA Director General Mark Littlewood argues that "in the long march ... Continue reading