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With Germany and Japan next in line for leading the G7, these two champions of global trade should continue to carry the baton of a separate trade track.

President Biden clearly wants US foreign policy focused on the Asia-Pacific but, without managing the Middle East, achieving his aim appears unlikely.

With more than $4 trillion already promised focused on workers, inequality, and sustainability, a transformative approach could spell the end for neoliberalism.

The proposed global minimum rate could release large economic gains and help reduce popular distrust against multinational companies.

Anger at the perceived failure of the political class has driven a wave of populist leaders but their lack of economic success is worrying for the region's future.

Adapting to post-COVID-19 realities

This briefing, which is published under the Global Economy and Finance Programme’s ‘Rebuilding International Economic Cooperation’ project, highlights how the COVID-19 pandemic is exacerbating economic and social insecurity for more than 2 billion people employed in the informal sector, and adding to global inequality. A radical rethink of the nature of work and social insurance is needed.

Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will set or renew the UK’s trade terms with 11 trading partners in just one negotiation, but its significance goes beyond strict trade interests.

A new approach for the US to strengthen economic and strategic ties in the region, advance strong rules for new trade issues, and tackle China’s trade policies.