What the World Risks if It Abandons Globalization

世界若放弃全球化将面临何种风险

The Foreign Affairs Interview

2023-08-24

38 分钟
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After World War II, an idea took hold: economic interdependence between countries would help prevent war. But lately, faith in this idea has wavered, and terms like “decoupling,” “friend shoring,” and “de-risking” are dominating the debates around trade in Washington and beyond.  Ngozi Okonjo-Iweala, director general of the World Trade Organization, disagrees with key elements of this new consensus. She thinks that policymakers are misdiagnosing the problems that the world faces, and that they risk setting us on a dangerous course—one that could break the global economy and leave the world both less prosperous and less secure.  We discuss why views on global trade have changed so dramatically in recent years, China’s integration into the global trading system, and what would happen if the world fragmented into two trading blocs.  You can find transcripts and more episodes of The Foreign Affairs Interview at https://www.foreignaffairs.com/podcasts/foreign-affairs-interview.
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  • I'm Dan Kurtz-Valen and this is the Foreign Affairs interview.

  • Let's not throw out the baby with the bathwater.

  • The multilateral trading system is a global public good built in a tough and hard way over the past 75 years.

  • It has delivered.

  • It has its problems.

  • One must admit that and being a person from a developing country, I can see that.

  • However, it has delivered.

  • After World War II, an idea took hold.

  • Economic interdependence between countries would help prevent war.

  • But lately, faith in this idea has wavered.

  • In terms like decoupling, friend-shoring,

  • and de-risking are dominating debates around trade in Washington and beyond.

  • Dr.

  • Ngozi Okonjo-Iwayala,

  • the director general of the World Trade Organization and the first woman and African to serve in that role,

  • disagrees with key elements of the new consensus.

  • She thinks policymakers are misdiagnosing the problems the world faces,

  • and they risk setting us on a dangerous course,

  • one that could break the global economy and leave the world but less prosperous and less secure.

  • Dr.