Trade shifts

Trade shifts
In the second half of the 20th century, globalization brought a boom in international trade. The rapid change that came with it has led to a backlash, with most countries erecting protectionist barriers. Governments are increasingly using regulations, red tape and tariffs to achieve domestic and foreign policy goals. Highly intense trade disputes, however, can break the ice and lead to results and unexpected benefits.

Reports on Trade shifts See all

Rwandan President Paul Kagame delivers remarks at the African Union meeting in Kigali, March 21, 2018

High hopes for the African Continental Free Trade Area

The launch of the African Continental Free Trade Area (AfCFTA) has come with high hopes for a boost in economic activity and development. But free trade agreements in themselves are no silver bullet for backward economies. Especially in Africa, institutional reform, infrastructure improvement and the reduction of nontariff barriers will be key for development to really gain momentum. Accomplishing those goals, however, could make many African regimes vulnerable.

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