Understanding the Impact of Geopolitics on International Trade

🌐Trade policies influenced by geopolitical factors are shifting towards economic independence.

🛡️Increased focus on economic security leading to changes in trade regulations and practices.

📊Bilateral trade growth between major nations affected by geopolitical tensions is slowing down.

🔗Shift towards trade relations with connector countries like Vietnam and Mexico as alternatives to traditional trade partners.

🌍Global trade dynamics evolving based on voting patterns in international organizations like the UN.

How is the narrative around international trade changing with geopolitical shifts?

—The narrative surrounding international trade is now more focused on economic independence and security rather than interdependence between politically aligned countries.

What impact do trade tensions between the US and China have on global trade patterns?

—Bilateral trade growth is slowing down between the US and China, leading to increased trade with connector countries and a shift in global trade dynamics.

Why are policies like industrial policy and economic security gaining prominence in trade discussions?

—Policies like industrial policy and economic security are becoming more prominent due to the intersection of trade with geopolitical factors, influencing policy decisions and trade outcomes.

How are voting patterns in international organizations affecting trade relationships?

—Voting patterns in organizations like the UN General Assembly are indicative of countries' alignment with major powers, influencing trade relationships and patterns.

What are the implications of countries focusing on economic independence in trade policies?

—Countries focusing on economic independence in trade policies are reshaping global trade dynamics and exploring new trade partnerships beyond traditional relations.

05:16Introduction to a conference on geopolitics and international trade at the Peterson Institute for International Economics by Adam Posen.

07:10Discussion on the importance of interdisciplinary work in understanding the interplay between trade, finance, and geopolitics.

10:14Keynote address highlighting the impact of geopolitics on international trade and the need for discussions on economic security.

13:05Introduction to the conference by Ralph Osa, addressing the impact of geopolitics on trade policies and outcomes.

15:17Initiating the session on the impact of geopolitics on international trade, focusing on narrative changes and policy shifts.