World trade has experienced a significant slowdown since the 2008 financial crisis. Over this period, the global ratio of trade expansion to income growth has halved. An effective global trade and investment system is crucial for reinvigorating economic growth and confronting 21st century global challenges. Yet the system— well performing as it is in many of its functions—is out of date and in need of greater coherence.
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Topics: FOREIGN DIRECT INVESTMENT (FDI) ECONOMIC GROWTH SMALL AND MEDIUM SIZED ENTERPRISES (SMES) LEAST DEVELOPED COUNTRIES (LDCS) GLOBAL VALUE CHAINS (GVCS)
Authors: RICARDO MELÉNDEZ-ORTIZ RICHARD SAMANS
Publishing Institution: THE E15 INITIATIVE
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