The hyperglobalized era is increasingly defined by financial insecurity and economic polarization. In particular, increased disagreement over trade rules, currency movements and technological flows threaten to further deteriorate the state of the global economy. The current developments paint a grim global economic perspective leading some observers to point out that the dominant multilateral system is failing to provide both the resources and coordination necessary to stabilize markets, foster a healthy investment climate and create a financial future that works for all.
Does the current multilateral trade system still serve its purpose amidst the erosion of political trust, widening income gaps and a policy agenda that appears to favour hyper globalizations’ winners? If not, then how do we rebuild trade multilateralism based on collective action and shared responsibility? How will Asia position itself in the midst of these shifts?
Contents
Foreword
Rabea BRAUER, Cristita Marie PEREZ
German-Asian economic relations
David GREGOSZ
Prospects on revitalizing the multilateral trade system: Proposals on WTO reform
Ralph WROBEL
Challenges to the WTO dispute settlement reform
Yuka FUKUNAGA
Revitalizing multilateralism: A new world order?
Saon RAY
China’s role in WTO reforms
Matthias SCHAEFER
Global trade developments and India’s response
Sharmila KANTHA
Singapore’s pursuit of free trade
Lurong CHEN
Taiwan’s participation in the World Trade Organization - strategy, interests and prospects
Kristy HSU
Vietnam’s international trade and investment: opportunities and challenges
PHAM The Anh
Fostering regional growth and innovation in the midst of economic and regulatory uncertainty: A case study of Asia’s Information and Communications Technology (ICT) sector
Juan Sebastian CORTES-SANCHEZ
