TFA: A ray of hope for the global economy

Bonn, Germany

MULTILATERALISM seems down and out. So does trade liberalisation. Any suggestion that the United Nations or World Trade Organization (WTO) may bring about meaningful progress increasingly falls onto disbelieving ears. To be sure, the pace of globalisation has been rapid. The resulting feeling of nervousness is therefore comprehensible.

Given the present unease in various quarters, it is almost to be expected that no one really notices when significant progress is being achieved on the world stage. This is such a moment.