Global trade: a race of the big pockets?
Concerns that some countries will be left out of new US trade strategy raised at WEF summit in Davos
This becomes a rich-country game, right? We can subsidise this, you can subsidise that
— what about the poor countries, who have limited fiscal room? They get left out in the cold
Former governor of the Reserve Bank of India
By MARK JOHN
Business | Economy
● The US pitched its vision of “workercentric” trade. China promised an “allround opening up”. Europe spoke of its quest for strategic autonomy. And industrial policy — backed with lots of state cash — is no longer a dirty word.
The Big Three trading...
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