Tariff escalation between China and the US will result in decoupling of goods trade, raising fears that Chinese exports destined to the US market in 2024 will be redirected or deflected to third markets. Fearful of intensified competition from Chinese products, some business associations and officials are calling for pre-emptive measures by importing governments. This […]
With the prospect of far-reaching decoupling of goods trade between China and the US, fears of deflection of Chinese exports to third markets have returned. This column examines the factual record on the frequency of, and foreign government response to, Chinese trade deflection during the first US-China trade war. The authors find that trade deflection […]
New technologies are changing how banks produce and provide financial services. These changes have implications for traditional banks, creating novel sources of systemic risk which could in turn pose regulatory and policy challenges. This column introduces a new report by the Advisory Scientific Committee of the European Systemic Risk Board that discusses the impact that […]
Developing economies face a far more challenging international trade environment than they did at the start of the 21st century. Yet trade remains an essential component in reaching development objectives. This column offers possible policy options for developing economies to leverage untapped opportunities for cross-border cooperation and improve domestic conditions that will make trade more […]
