What challenges might developing economies face when engaging with the international economy that developed economies might not? How can the UK best support trade recovery in developing economies?
Background
COVID-19 has posed a major economic shock, disrupting trade flows, stretching supply chains, and challenging international organisations that uphold systems of global governance as well as broader perceptions of international openness. Beyond immediate policy responses, evidence should support long-term recovery and economic security within the global rules-based system.
Next steps
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Source
This question was published as part of the set of ARIs in this document:
Related UKRI funded projects
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MultiLateral Thinking - Coriolis Technologies
**Vision** - COVID-19 will change the nature of trade and impact the UK's economic performance, trade strategy/policy and global position. WTO forecasts global trade will fall 30% due to COVID-19\. COVID-19 places unique...
Funded by: Innovate UK
Why might this be relevant?
The project addresses the impact of COVID-19 on trade and proposes a solution for policymakers to make evidence-based decisions, aligning with the question's focus on challenges faced by developing economies and how the UK can support trade recovery.
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Centre for Inclusive Trade Policy
For the first time in 50 years the UK has 'sovereignty' over its trade policy. It must now decide, for example, how to configure its free trade agreements, its regulations for imported food and digital trade and its trad...
Funded by: ESRC
Why might this be relevant?
The project fully answers the question by addressing the challenges faced by developing economies when engaging with the international economy and providing insights on how the UK can best support trade recovery in these economies.
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Global Power Shifts and the Changing Dynamics of Export Finance
State-backed export credit (the use of loans and other forms of financing by states to boost exports) has recently burst onto the public stage, becoming a highly contentious area of both national policymaking and interna...
Funded by: ESRC
Why might this be relevant?
The project does not answer the question as it focuses on the analysis of major changes in the global dynamics of export credit, rather than the challenges faced by developing economies or how the UK can support trade recovery in these economies.