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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.

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.

This article is part of the series America’s Global Role: The View from Abroad

As the evolution of climate policy sees carbon-neutral targets and climate taxes going more mainstream, the trade regime is being put under increasing pressure.

The US, EU, and UK should focus on their set of bilateral trade negotiations, address shared concerns regarding the global trade system, and remove underlying trade tensions among themselves.

The 21st-century global economy has different drivers from those in the previous century. Amid ever more politicized trade relations, economic diplomacy needs a more transparent framework.

With trade tensions increasingly politicized, a key appeals process suspended and COVID-19 creating huge economic challenges, a modernized and fully functioning WTO is more essential than ever. This paper makes the case for transatlantic cooperation as a necessary, though insufficient alone, condition for WTO reform.