Asia Global Institute Says Narrative Is Negative on Trade

Asia Global Institute Says Narrative Is Negative on Trade

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the current state of global trade, highlighting concerns about the weakening of large trade agreements like NAFTA due to political shifts, particularly in the US and Europe. Despite a negative narrative, trade is expected to grow faster than it has in a decade. The trend is moving towards bilateral agreements and smaller groups, which can simplify negotiations but may disrupt global trade if they become too diverse. The WTO's role may become crucial again to maintain historical trade benefits.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern regarding global trade agreements as discussed in the video?

The rise of new trade agreements

The lack of technological advancements

The increase in trade tariffs

The negative narrative surrounding trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What trend is emerging in global trade according to the video?

A move towards larger trade groups

An increase in trade tariffs

A focus on technological trade

A shift towards bilateral agreements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential downside of smaller trade groups?

They are too diverse in their approaches

They are too large to manage

They are too slow to form agreements

They lack any diversity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What organization is expected to play a crucial role in the future of global trade?

EU

NAFTA

WTO

TPP

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might the WTO need to reassert its role in global trade?

To focus on technological advancements

To eliminate all trade agreements

To ensure cohesive trade approaches

To increase trade tariffs