Page 21 - CSA Speaker Bulletin January 2017 | CSA Celebrity Speakers
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Javier Solana is President,
ESADE Center for Global
Economy and Geopolitics and
Former High Representative for the
Common Foreign Security Policy of
the EU.

Across the West, faith in
            international governance and
            economic globalization is
declining. As Donald Trump’s victory
in the United States’ presidential
election showed, voters, driven by a
sense of injustice and inequality, are
increasingly rejecting openness, as
well as the political establishment that
has advanced it.

But, while the grievances fueling         (WTO) – the main forum for              time of independent nation-states
these choices are real – many have        negotiating and implementing global     will therefore carry massive costs.
been left behind by globalization – the   trade norms and one of the only         Indeed, the decline of the WTO,
treatment is likely to cause more harm    international organizations with a      together with the demise of deals like
than the disease.                         quasi-judicial dispute-settlement       the TPP and NAFTA, would fuel the
                                          entity.                                 emergence of separate trade blocs,
Trump won by promising to pursue                                                  inaugurating a new era of great power
unilateral and inward-looking             All of this ignores a crucial fact: in  competition. Perhaps most important,
solutions, much like those advocated      today’s world, turning inward is not a  a retreat from global trade would
by proponents of the United Kingdom’s     viable option, especially for Western   bring about a generalized loss of
exit from the European Union. Voters      liberal democracies. We are simply      welfare.
were galvanized by the prospect of        too interconnected; the problems,
rejecting new free-trade agreements       challenges, and opportunities we face   The good news is that not everyone is
like the Trans-Pacific Partnership        have no regard for national borders.    suffering from such a lack of vision.
(TPP), and renegotiating old ones                                                
like the North American Free-Trade        Efforts to move backward to the
Agreement (NAFTA).

They rally against multilateral bodies
like the World Trade Organization

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