The World Trade Organization’s lack of a functioning e-commerce regime speaks to the difficulty it has had in keeping up with the evolution of trade. Establishing such a regime would enhance the its standing.
As a rival to China’s Belt and Road Initiative (BRI), the G7’s “Build Back Better World” (B3W) will face challenges. As a complement, however, both the B3W and BRI could help build a more connected world and drive economic growth in post-COVID-19.
Jul 14, 2021
Afifah Rahman-Shepherd, Charles Clift, Emma Ross, Lara Hollmann, Nina van der Mark, Benjamin Wakefield, Champa Patel, and Robert Yates
Glocalization refers to the interpretation, representation, and replication of the global elements at the local level. Considering the changes in modern living, glocalization could turn out to be a viable alternative to globalization.
In designing international institutions, states and other principals should design for collaboration. This includes introducing or developing formal and informal mechanisms, as well as harnessing the G7 and the G20 to foster cooperation proactively.
Policymakers can use trade agreements to mitigate disinformation and spam while implementing financial and trade sanctions against entities and countries that engage in disseminating cross-border disinformation.