GFC23: Trade in the Fourth Industrial Revolution

Trade and Investment

Despite geopolitical tensions, monetary policy tightening, and increasing debt levels, the World Trade Organization projects that global merchandise trade volume will increase by 1.7% in 2023 - and by 3.2% in 2024. Global trade and investment had already been in flux prior to the pandemic and the outbreak of war in Europe, as major initiatives were either formed or renegotiated. The very legitimacy of the current global trading system, with the WTO at its core, has been in focus - as policy-makers try to respond to mounting challenges and general upheaval.This briefing is based on the views of a wide range of experts from the World Economic Forum’s Expert Network and is curated ...