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News from World

tag: Globalizzazione

Fragmentation-chart-1.jpg 16 January 2023

A gloomy economic picture

Growing protectionism and worsening international cooperation could badly damage the world economy, the International Monetary Fund said. Its report, released on the eve of the Davos summit — a paean to free trade and global integration — argues that poorer countries would be hit harder than rich ones. The projections add to continued gloom over economic prospects worldwide, with economists still predicting a recession as likely, despite signs of slowing inflation and hopes that China’s abandonment of zero-COVID could boost growth. [Confronting Fragmentation Where It Matters Most: Trade, Debt ... – IMF]

 

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09 September 2022

US and Indo-Pacific countries start NON-TPP trade talks to rebalance value chains

The talks include Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Vietnam and the United States. NOT TPP 2.0: Three decades of 'hyperglobalization' had already made the old business model politically toxic." "So the supply chain crisis revealed by COVID has fueled an even broader demand for a new approach that reverses the concentration of production of goods and services in too few companies and countries." [US, Indo-Pacific countries launch new-generation trade talks - The Jakarta Post - The Jakarta Post]

 

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12 June 2022

Globalization is changing, offering new opportunities for the Mediterranean area

"Asia is losing weight in the role of the world's factory; production and retail must be recalibrated. The Mediterranean will be the dock of long-haul maritime trade," writes the Catholic-inspired newspaper Avvenire. The transport crisis, with the considerable increase in costs, pushes to redraw the maps of world trade", writes Reuters.

 

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