Millennials’ message on global trade: “please listen to us”
Millennials and Generation Z now account for two-thirds of the global workforce and need to be given a bigger say in the debate on the future of global trade. That was one of the resounding messages delivered by a dedicated panel of young entrepreneurs invited to speak at the 2019 WTO Public Forum in Geneva. Andrés Escobar, founder of U.S.-based IMPCT Coffee, and Chebet Lesan, founder of Kenya’s Bright Green Renewable Energy, say it’s as simple as “please listen to us.”
How much does the trade war cost?
Forecasts for global growth have been downgraded. The trade war, besides being unaffordable, is also preventing other challenges from being addressed, as American economist Jeffrey Sachs explains.
U.S., not China, poses biggest threat to global trade, new book asserts
China’s entry into the World Trade Organization in 2001 had huge ramifications for the global trading system and in shaping the events that have led to today’s U.S.-China trade war, explains author Paul Blustein in his new book, “Schism: China, America, and the Fracturing of the Global Trading System.” But Blustein, a senior fellow at the Centre for International Governance Innovation, argues that the Trump administration actually poses a bigger threat to the system with its decision to “flagrantly violate” WTO rules.
What it takes to make sustainable finance mainstream
The finance sector needs to take the sustainability discussion from niche to mainstream if it wants to play its part in meeting the UN’s Sustainable Development Goals, WWF Switzerland CEO Thomas Vellacott has urged. He was speaking at the 2019 Building Bridges Summit in Geneva, where 800 NGO officials, bankers, wealth managers, and regulators joined forces to discuss how to boost their efforts in sustainable finance.
“We shouldn’t need Greta to remind us of the problems”
The United Nations kicked off its General Assembly in New York last week with the day-long Climate Action Summit, attended by heads of state, business leaders, and youth activists. But one main criticism was a lack of new commitments, especially by the world’s biggest polluting countries, like the U.S. and China. Peter Bakker, president and CEO of the World Business Council for Sustainable Development, was on the ground and shares his key takeaways from the conference.
Crocodiles, pythons, and lizards: The trade behind Swiss luxury goods
Switzerland is one of the busiest hubs for the trade of products derived from animals and plants, driven by the watchmaking and luxury goods industries. It’s also home to the headquarters of the Convention on International Trade in Endangered Species (CITES). Secretary-General Ivonne Higuero explains how the organization is working with luxury companies like LVMH and Richemont to promote sustainable trade and support local economies.