OECD's Gurria Favors Multilateral Mechanisms Over Tariffs

The video discusses trade tensions between Europe and the US, emphasizing the importance of multilateral systems over tariffs. It highlights the US's shift towards bilateral trade under its current president and the potential impact on global growth. The discussion then shifts to Germany's economic performance and concerns about international cooperation, particularly in light of recent G7 and G20 meetings. Finally, the video addresses global political fragmentation, citing examples from Italy, Spain, and Brexit, and stresses the need for effective multilateralism and globalization to address widespread dissatisfaction.

What was created in the G20 to address the issue of steel excess capacity?

• A global forum on steel excess capacity

• A new tariff policy

• A steel production quota

• A bilateral trade agreement

What is the current U.S. President's preference in terms of trade agreements?

• Multilateral agreements

• No trade agreements

• Bilateral agreements

• Regional agreements

What is the economic growth rate of Germany mentioned in the discussion?

• 1%

• 2%

• 3%

• 4%

What is a major concern for Germany regarding international cooperation?

• The increase in unemployment

• The decline in exports

• The rise of protectionism

• The outcome of the G7 meeting

What is a significant issue in Italy as discussed in the video?

• Economic recession

• Political fragmentation

• Trade surplus

• High unemployment rates

What percentage of youth did not participate in the Brexit vote?

• 40%

• 70%

• 50%

• 60%

What is a common sentiment among people worldwide according to the discussion?

• Satisfaction with the current system

• Desire for more globalization

• Dissatisfaction and desire for change

• Contentment with political stability