In this issue of our Globalization Outlook, we look at the future of the WTO as well as developments in big tech, universities’ global ambitions and the status of US-EU trade talks
- The backlash against the WTO has its origins in long-standing grievances that have not been adequately addressed
- Over time, the WTO has acquired for itself judicial and law-making powers that were never agreed by its members. A backlash was inevitable
- The WTO is now caught between potential paralysis on one hand and the loss of political legitimacy on the other
- Big tech is likely to see a substantial increase in regulation and data protection that could continue to break down the possibility of globally uniform business models
- A spat between trade negotiators has set back US-EU trade relations
- Universities get caught in the globalisation debate as issues arise relating to academic freedom and the security implications of research collaborations