In a recent event, expert Joshua Meltzer stated that in order to make progress in international economic governance, policymakers must address the legitimacy of the World Trade Organization (WTO). A changing international economic environment has created a series of new challenges for the organization, putting focus on the WTO’s capacity for global economic governance.
[Pulling out of Trans-Pacific Partnership] puts the U.S. on the back foot. But now, the EU is managing to move more quickly. It shows the world doesn’t stand still.