The Economist (July 21)
2018/ 07/ 23 by jd in Global News
“The headquarters of the World Trade Organisation (WTO), on the banks of Lake Geneva, once belonged to the League of Nations. That ill-fated body was crippled by American isolationism. The building’s occupant today is also at the mercy of decisions taken in Washington.” But all is not lost. “Free-traders are right to be deeply worried, but not yet right to despair.” The WTO “may yet be saved” and there are some encouraging signs. For example, “China and the EU agreed on July 16th to co-operate on WTO reform.”
Tags: China, Crippled, Despair, EU, Free-traders, League of Nations, Reform, U.S. Isolationism, WTO
