Mohamed El-Erian Is Less Pessimistic on Global Trade

The video discusses the decline in global trade since the late 1980s and explores potential solutions, emphasizing the need for better domestic policies and global coordination. It highlights the evolving nature of globalization, particularly in data, and the impact of artificial intelligence on trade. The discussion also touches on the challenges faced by regulators in adapting to these changes and the systemic importance of companies in the current economic landscape.

What are the two main strategies suggested to overcome the decline in global trade?

• Focus on local markets and reduce exports

• Isolationist policies and reduced imports

• Increased tariffs and trade barriers

• Better domestic policies and global coordination

Which of the following is NOT mentioned as a trend defining the new form of globalization?

• Traditional manufacturing

• Artificial intelligence

• Big data

• Mobility

How is globalization described in the context of data?

• Declining rapidly

• Stagnant and unchanging

• Limited to certain regions

• Evolving and progressing quickly

In what way does artificial intelligence relate to David Ricardo's theories?

• It contradicts them

• It has no impact

• It enhances technological leapfrogging

• It makes them obsolete

What challenge do regulators face in the context of modern technological advancements?

• They need to reduce regulations

• They must catch up with rapidly changing technologies

• They should focus on traditional industries

• They need to ignore technological changes