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Toward Multipurpose Trade Policy?
The author argues that international trade policy is shifting from a primary focus on trade liberalization and economic efficiency toward a 'multipurpose' approach. This new framework integrates broader objectives—including climate action, supply chain resilience, and national security—directly into trade policy rather than treating them as externalities. The document outlines domestic challenges, such as balancing incommensurable goals and breaking down departmental silos, and international challenges, including the increasing tension between national policy imperatives and World Trade Organization (WTO) rules. It concludes that while this shift addresses the perceived failures of globalization, it risks fragmenting international cooperation and increasing the divide between developed and developing nations.
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Document type: Research paper