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Asia's 'new global order' eyes inclusive globalisation

November 28, 2017, Global Trade Review

Timothy Stratford is quoted in a Global Trade Review article regarding the increased focus on globalization in Asia. According to Stratford, “If you look at the past 10 years and take the top 25 economies of the world, 550 million people have seen their incomes either stagnate or decline. There’s a feeling that whatever’s happening right now isn’t working, so that’s why you see Brexit, that’s why you see what’s happening in the US – so you have to address the underlying problem."

Commenting on the probability of a trade war between China and the U.S., Stratford thinks it is unlikely. He says that while the U.S. has some legitimate concerns, China is finding that its economic model is working pretty well. “You have an irresistible force and an unmovable object, and that’s why I hope we’ll find a resolution that doesn’t result in a trade war.”

 

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