Reconstruction trust is vital to global trade
June 11, 2024 15:48 Source: "China Social Sciences" June 11, 2024 Issue 2909 Author: Zhao Qi/Compilation

 bet365 Play online games Recent,The official website of the International Monetary Fund published an article by Gita Gopinath, the first vice president of the organization,This article explores the relationship between geopolitics and global trade。mentioned in the text,At present, the global economic relations are changing in the way that has not been ever since the end of the Cold War,Countries are re -evaluating their trading partners based on factors such as economic and national security,Re -position foreign direct investment flow in accordance with the geopolitical route,Some countries are re -evaluating their dependence on the US dollar in international transactions and foreign exchange reserves。

Goginat said,These changes above are not necessarily bad things。On the contrary,More and more policy makers focus on establishing a more flexible economic system。Current,Obvious signs of adverse globalization have not been presented。In recent years,The proportion of goods trade in global GDP has remained between 41%-48%。How does geopolitics affect a wider trade relationship? This,Goganat mentioned,Assume that global trade is understood as three clusters,A cluster with the United States as the core、A cluster with China as the core and a cluster composed of other countries,In the past year,The trade volume between the cluster with the United States as the core and the cluster with China as the core has declined,But the trade bet365 Play online games volume within each cluster has not changed much。

Goganat said,Now,Some new methods have appeared in the field of global trade and investment,If the trade route transfer through a third -party country,Among them, the most watched third -party countries include Mexico and Vietnam。This method of avoiding trade decoupling effectively alleviates the adverse factors facing the global economy。Current,In global trade,The dominant position of the dollar still has not changed,Most of the global commodity trade is still settled in US dollars。but,For some developing countries and emerging economies,Their dependence on the US dollar has declined。Look at the global foreign exchange reserves,2022-2023 The most significant change is,Central banks of various countries have increased gold purchases。

Now,Global trade also bet365 best casino games has fragmented features,Mainly manifested in some countries to formulate strict trade restrictions。Excessive restrictions on trading will weaken the efficiency improvement caused by rising professionalization,and suppress production capacity。Trade restrictions also means hindrance to knowledge diffusion,This will seriously affect the country that implements such measures。Trade restrictions will also bring economic costs,Leading to reduce foreign direct investment and so on,It will also exacerbate macro financial fluctuation risks in related countries。Related research indicates,If the global commodity market is further split,Low -income countries may suffer greater losses,This is largely caused by the restrictions of agricultural product trade。

For how to prevent and Bet365 lotto review solve these problems,Goganat thinks,The best way is to maintain and strengthen a regular multilateral trading system and international currency system。First,Keeping open communication channels,Guarantee the interests of each participant。2,Cooperation in the areas that the participants are concerned about。third,Restricted harmful unilateral policy action, including industrial policy。

In short,Comply with the existing legal framework to maintain normal trade between the country、For the international currency system,It is important。Goganat thinks,Reconstruction trust is important,Because keeping open trade systems will not only bring more benefits to countries,It can also promote the world to be safer and prosperous。

 (Zhao Qi/Compilation)

Editor in charge: Zhang Jing
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