Global trade has been an important engine of economic growth for the world especially in the last 50 years. Throughout human history, trade has generated wealth and fostered peaceful relations between nations. This is especially for Malaysia, whose open economy is dependent on trade. In the first 10 months of 2017, the total in Malaysia was RM 1.46 trillion (USD 358 b)
However, in the recent years, there has been a significant backlash against global open trade culminating since the election of Donald Trump as President of the United States. A similar shift can also be felt in Europe. It seems that the shift in attitude signals the beginning of a new protectionist era. Now more than ever, a strong case for an open, global trade is needed.
Join the Institute for Democracy and Economic Affairs on January 4th with Mr. Pascal Lamy, former Director General of the World Trade Organisation (WTO) as he makes the case for an open, global trade.