WASHINGTON — President Trump’s embrace of sweeping tariffs has frustrated allies, lawmakers and businesses across the globe. But its most lasting impact could be to hobble the World Trade Organization. The global trade group has been thrust into an uncomfortable — and potentially damaging — role as chief judge in an intense fight among its […]

If there is any seemingly permanent feature of the last decades whose future is now uncertain, it is globalization. Globalization – the intensification of international trade that results in the growing diversity of sites to produce goods and services – is enabled by technology that reduces distance frictions and an ideology that rewards opening because […]

Der frühere WTO-Chef Lamy hält Chinas Staatskapitalismus für das größte Problem der globalen Marktwirtschaft. Er fordert strenge Investitionskontrollen.

Ireland would need emergency aid from the EU in the event of a no-deal Brexit the former head of the World Trade Organisation (WTO) has said. Ireland is set to be economically worst hit by a no-deal scenario if Britain fails to find a solution before the March deadline next year, according to Pascal Lamy.

[…] Mr Varadkar, who earlier this month described a no- deal Brexit as “doomsday”, admitted the plan to stockpile medicines as ex-World Trade Organization director-general Pascal Lamy warned that Ireland will need emergency financial aid if no Brexit deal is struck.

Ireland should “prepare for the worst” and may need emergency aid from the European Union if there is a ‘no-deal’ Brexit, the former director general of the World Trade Organisation (WTO) has warned. Speaking on RTÉ’s This Week, Pascal Lamy said a no-deal scenario has to be taken seriously because of the current divisions in […]