Trade policy: Can Asia and Europe rescue the global economy?
Shang-Jin Wei is the former chief economist of the Asian Development Bank.
Under the weight of geopolitical crises, an escalating US tariff policy and growing doubts about the stability of the dollar-based system, the very foundations of global trade are beginning to falter. For Europe and Asia in particular – whose prosperity depends on open markets and rules-based cooperation – a new wave of economic uncertainty is drawing dangerously close.
