Decryption

Towards a new organization of world trade?

Audio 19:32

An MSC container ship in the port of Norfolk in the United States (illustration image).

AP - Steve Helber

By: Anne Corpet Follow

1 min

The Covid-19 pandemic and the war in Ukraine have disrupted world trade.

Supply chains have been severely disrupted by the massive lockdowns put in place in China.

Because of the conflict in Ukraine, part of the world is deprived of its agricultural supplies.

The surge in wheat prices, of which 30% of world exports come from Ukraine and Russia, raises fears of a serious food crisis in the most vulnerable countries.

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Could the master of the Kremlin use the food weapon to influence the diplomatic scene?

Should Western countries reorganize their production chains so that they no longer depend only on friendly countries?

Will international trade return to a block logic as during the Cold War?

Should we put a stop to the globalization of the economy to reduce dependencies?

These are some of the questions we are going to try to answer, today, in

Décryptage

with our guest 

Deniz Ünal

, economist at CEPII, Center for Prospective Studies and International Information, author of the article

The crisis should recompose the economic specializations in the world,

 published on The Conversation website and another on the

European pharmaceutical industry

. 

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  • Trade and Exchanges

  • Economy

  • Agriculture and Fishing

  • Food

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