F&D Magazine / Trade policy

Michele Ruta on Discriminatory Regionalism

MICHELE RUTA

June 1, 2023

iStock Images / takenobu

In This Episode

As rising geopolitical tensions chip away at globalization, will a more fragmented world mean stronger regional pacts? Economist Michele Ruta says regionalism in a time of conflict is unlikely to triumph, but rather is likely to change. The trend toward strengthening ties with friends and loosening them with non-friends is making regional trade less about integration and more about discrimination. Transcript

Read the article in the IMF's Finance & Development Magazine

MICHELE RUTA is a deputy division chief in the External Policy Division of the IMF’s Strategy, Policy, and Review Department.

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