In a recent interview with CGTN, Carl Fey, a strategy professor at BI Norwegian Business School, expressed his concerns over the United States' shift towards protectionist policies.
Fey highlighted the irony in the US's stance, noting that while China is actively working to advance global free trade, the US is moving in the opposite direction. This divergence, according to Fey, poses significant risks to the stability and growth of the world economy.
\"The US's protectionist policies are my biggest concern for the future of the global economy,\" Fey stated. He emphasized that protectionism can lead to reduced international cooperation, increased trade barriers, and overall economic uncertainty.
Fey's observations come at a critical time when global trade dynamics are shifting rapidly. As major economies navigate the complexities of international trade agreements and economic partnerships, the actions of leading nations like the US will play a pivotal role in shaping the economic landscape for years to come.
Experts like Fey advocate for policies that promote open markets and collaborative economic strategies to ensure sustained global growth and stability. The interplay between major economic powers will undoubtedly continue to influence the trajectory of the global economy.
Reference(s):
Professor: 'Protectionist' US biggest concern for world economy
cgtn.com
