Trade

“The emerging global disorder could present an opportunity for Africa. With the right long-term perspective, African countries will be well positioned to take advantage of some of the opportunities that arise from the new geoeconomic reality.”Gedion Timothewos (Ethiopia’s Foreign Affairs Minister) ...

This policy note was published as part of the T20 U.S. 2026 Workstreams, under the workstream “Fostering Trade and People-Centered Economic Growth,” which brings together policy experts to develop recommendations for G20 policymakers. The Group of Twenty (G20) accounts for most of the world’s output, yet its decisions shape the prospects of 174 United Nations Member States without G20 membership, among them the great majority of least developed countries and small states. Many ...

Wars are decided by those who hold military power, but their costs are increasingly borne by those who have little or no voice in the decisions that start them. The US–Iran war shows this imbalance very clearly. Its economic consequences have gone far beyond the battlefield and have disrupted energy markets, trade routes, food supplies, public finances and investment in the Gulf, Europe, Africa and Asia. The most striking feature of the conflict, however, is not only the size of the ...

Strategic hedging is rational when it preserves a worthwhile choice at a tolerable cost while respecting existing commitments. Drawing on the literature on hedging and Latin American autonomy, this Policy Brief examines contrasting illustrations of that proposition. It distinguishes ambiguity about future alignment from uncertainty about existing obligations and explains how clearly bounded commitments can reconcile autonomy with credibility. The cases reveal different vulnerabiliti ...

Cet article soutient que le Chief Geopolitical Officer (CGO) doit être repensé à partir de l’expérience des entreprises africaines. Dans un environnement multipolaire et fragmenté, leur principal défi n’est pas seulement la gestion des risques, mais la préservation de plusieurs options stratégiques simultanément selon une logique de hedging. Trois modèles de CGO sont à distinguer : l’intermédiation (Office chérifien des Phosphates (OCP), Tanger Med), l’intégration régionale (Ethiopi ...

In the first seven Policy Briefs of this ongoing series of analysis on Pan-Atlanticism: The Atlantic Basin in a Multipolar-Transnational World, we developed the argument that the strategic significance of the Atlantic Basin is on the rise for a range of international actors (states, regions and non-state agents) and from distinct political or ideological perspectives. In addition, in the most recently published Policy Brief -- “The U.S. and the Current International Reconfiguration: ...

The author of this opinion, Marie-Noelle Nwokolo, is a 2024 alumna of the Atlantic Dialogues Emerging Leaders Program.In September 1978, delegations from 138 countries gathered in Buenos Aires, Argentina, around a powerful idea: developing countries had knowledge, experience and capabilities worth sharing with one another. The Buenos Aires Plan of Action gave institutional form to what we now call South-South Cooperation, part of a wider post-colonial effort by developing ...

Depuis 2010, environ, on sait que la Méditerranée orientale est une nouvelle province gazière. Des ressources gazières ont en effet été découvertes au large de quatre pays ou territoires, l’Égypte, Israël, Chypre et Gaza. Deux d’entre eux sont devenus producteurs et exportateurs de gaz naturel, l’Égypte et Israël. Au large de Gaza, le champ gazier de Gaza Marine n’a jamais été développé et il est très peu probable qu’il le soit prochainement en raison des très fortes tensions entre ...

Since around 2010, it has been known that the Eastern Mediterranean is a new gas province. Gas resources have indeed been discovered offshore four countries or territories: Egypt, Israel, Cyprus and Gaza. Two of them have become producers and exporters of natural gas, Egypt and Israel. Off the coast of Gaza, the Gaza Marine gas field has never been developed, and it is highly unlikely to be developed anytime soon given the very high tensions between the State of Israel and Hamas. By ...

The African Union Summit of February 2026 instructed the African Continental Free Trade Area (AfCFTA) Council of Ministers to negotiate a Protocol on Industrial Policy and Development. This work, handled without adequate preparation, is likely to reproduce the weaknesses it is meant to remedy. This paper is a conceptual mapping exercise, written to raise the preparatory questions before drafting begins, rather than to prescribe outcomes.It proceeds in five sections:1. It works towar ...

Various competing cross-border payment networks have become vehicles for geopolitical competition. As tensions have risen, many countries want to secure access to cross-border payment systems by joining with like-minded countries to form interoperable networks, either via tokenization or Instant Payment Systems (IPSs). Three major projects are under development, serving the strategic interests of the US, China and the Rest of the World—corresponding to the three trading spheres taki ...

Le déclenchement de la Guerre en Iran et le blocage du détroit d’Ormuz ont eu des conséquences majeures sur un grand nombre de marchés mondiaux de matières premières. Si l’attention médiatique s’est logiquement portée sur le pétrole et le gaz naturel, ainsi que sur l’aluminium, en raison de la forte dépendance de l’offre de ce métal aux prix de l’énergie, le soufre, comme l’hélium, l’éthylène, le propylène ou l’urée, a également été pris dans les rets de ce conflit. Loin d’être une ...

The outbreak of the war in Iran and the closure of the Strait of Hormuz have had major consequences for a large number of global commodity markets. While media attention has understandably focused on oil and natural gas, as well as on aluminum – owing to the strong dependence of that metal’s supply on energy prices – sulfur, like helium, ethylene, propylene, or urea, has also been caught up in the fallout of this conflict. Far from being a marginal commodity, it is essential to the ...

This paper was originally published as a chapter in the ISPI report The Pursuit of Smart Mobility in Urban Nodes: Trends and Innovation for Citizens and Freight. Agglomeration economies have historically supported industrialisation and global integration by concentrating firms, labour and infrastructure in dynamic urban cores. However, these same forces have also generated persistent patterns of territorial polarisation. Drawing on New Economic Geography, this chapter interpret ...

This Paper was originally published on cgdev.org. Escalatory attacks on multilateral rules and institutions in this era of raw power politics have plunged international politics into uncharted territory. Traditional alliances have been fractured and new partnerships between unlikely bedfellows are emerging. No longer in transition, the post-World War II world order is in rupture. This paper examines international cooperation under these conditions and argues that a new "flexi-l ...

Predictions of American decline have become increasingly prevalent. The United States has run persistent trade deficits for decades, but its public debt now exceeds its annual economic output. Meanwhile, and new centers of industrial and technological power continue to emerge across Asia. Yet despite these developments, no country has so far replaced the United States as the main organizing power of the international economy. Conventional explanations explain this in terms of U.S. m ...

Recent crises in the Middle East, particularly attacks targeting commercial vessels in the Red Sea and tensions surrounding the Strait of Hormuz, have highlighted the vulnerability of the main strategic corridors of global trade. Rather than fundamentally disrupting the organization of trade flows, these crises are accelerating an ongoing transformation driven by the search for more resilient connectivity chains, the diversification of trade routes, and the development of logistics ...

Les crises récentes au Moyen-Orient, notamment les attaques ciblant les navires commerciaux en mer Rouge et les tensions autour du détroit d'Ormuz, ont mis en évidence la vulnérabilité des principaux corridors stratégiques du commerce mondial. Plus qu'un bouleversement de l'organisation des échanges, elles accélèrent une transformation déjà engagée, fondée sur la recherche de chaînes de connectivité plus résilientes, la diversification des itinéraires commerciaux et le développement ...

The renewed instability in the Middle East has exposed Africa's continued vulnerability to external energy shocks. Shipping disruptions through the Strait of Hormuz, the maritime chokepoint through which roughly one-fifth of global oil and LNG supplies transit, have once again demonstrated that African fuel security remains highly dependent on geopolitical developments beyond the continent. While many African economies have traditionally relied on refined petroleum imports from Gulf ...