Changing Global Trade Landscape: Developing Country Perspective

Abstract

The current global trade landscape is changing rapidly with the escalating US-China trade war, technological disruption, and changing global trade pattern. This has raised question on whether the current multilateral framework is adept to these new issues, and what are the developing countries’ best policy response in facing these challenges. This paper provides the background of the changing global trade landscape and suggests that countries shall take a three-pronged approach: unilateral reforms, regional partnership, and strengthening multilateral trading system. Keywords—Trade War, WTO Reform, Multilateral Trading System