World Trade Organization Seeks New Director-General

The video discusses the qualities needed for the new WTO leader, emphasizing political and diplomatic skills over trade expertise. It highlights challenges such as US-China relations and the impact of COVID-19 on trade. The future of globalization is analyzed, noting potential changes in value chains and digitalization. The video also covers US support for the WTO under the Trump administration and the implications of Brexit on WTO tariffs.

What is considered the most important quality for the new leader of the WTO?

• Trade expertise

• Technical knowledge

• Political clout and authority

• Diplomatic skills

Which region has not yet produced a Director General for the WTO?

• Latin America

• Asia

• Europe

• Africa

What is one of the major challenges for the WTO in the medium to long term?

• Balancing US and China relations

• Expanding membership

• Increasing trade with Africa

• Reducing tariffs globally

What is the term used to describe the increased tendency of states to protect their populations from risk?

• Precautionism

• Nationalism

• Protectionism

• Isolationism

How might the COVID-19 crisis affect globalization?

• It will completely halt globalization

• It will only affect the medical sector

• It will have no impact on globalization

• It will lead to a reshaping of global value chains

What is the stance of the Trump administration towards the WTO?

• Indifferent

• Not supportive

• Neutral

• Strongly supportive

What is a potential consequence of Brexit without a trade deal?

• The UK will have free trade with all countries

• The UK will face WTO tariffs

• The UK will automatically join the EU again

• The UK will have no economic impact