The Era of Cheap and Plenty May Be Ending

Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.

#economic-conditions-and-trends, #factories-and-manufacturing, #goodhart-charles, #inflation-economics, #international-trade-and-world-market, #labor-and-jobs, #okonjo-iweala-ngozi, #powell-jerome-h, #prices-fares-fees-and-rates, #relocation-of-business, #supply-chain, #united-states-economy, #yellen-janet-l

Governments Tighten Grip on Global Food Stocks, Sending Prices Higher

Dozens of countries have thrown up trade barriers in the past two months to protect scarce supplies of food and commodities, but experts say the policies will only exacerbate a global food crisis.

#economic-conditions-and-trends, #embargoes-and-sanctions, #food-insecurity, #international-trade-and-world-market, #okonjo-iweala-ngozi, #protectionism-trade, #third-world-and-developing-countries, #war-and-armed-conflicts, #wheat

W.T.O. Officially Selects Okonjo-Iweala as Its Director-General

Dr. Ngozi Okonjo-Iweala, the first woman and the first African to serve in the post, said she would make global economic recovery from the pandemic a priority.

#appointments-and-executive-changes, #coronavirus-2019-ncov, #international-trade-and-world-market, #okonjo-iweala-ngozi, #world-trade-organization

Ngozi Okonjo-Iweala Set to Become W.T.O.’s First Female Leader

Her path was cleared after Yoo Myung-hee, the South Korean trade minister, announced she was withdrawing from consideration to head the World Trade Organization.

#appointments-and-executive-changes, #biden-joseph-r-jr, #international-trade-and-world-market, #okonjo-iweala-ngozi, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government, #world-trade-organization, #yoo-myung-hee

The W.T.O. Is Having a Midlife Crisis

Fixing the global trading system means first coming to grips with why it is broken.

#appointments-and-executive-changes, #banking-and-financial-institutions, #economic-conditions-and-trends, #international-trade-and-world-market, #okonjo-iweala-ngozi, #united-states-economy, #world-trade-organization