Money Talks: The new logic of trade

<p>Trade used to be about efficiency and growth. But those goals are being overtaken by others, from <a href="https://www.economist.com/special-report/2021/10/09/in-search-of-resilience?utm_campaign=money-talks&amp;utm_medium=podcast&amp;utm_source=third-party-host&amp;utm_content=show-notes" rel="noopener noreferrer" target="_blank">security</a> to <a href="https://www.economist.com/special-report/2021/10/09/making-trade-greener?utm_campaign=money-talks&amp;utm_medium=podcast&amp;utm_source=third-party-host&amp;utm_content=show-notes" rel="noopener noreferrer" target="_blank">environmentalism</a>. Our Britain economics editor Soumaya Keynes and host Rachana Shanbhogue investigate how the blurring of economic and political concerns is driving—and destabilising—trade relationships, with <a href="https://www.economist.com/special-report/2021/10/09/a-changed-world?utm_campaign=money-talks&amp;utm_medium=podcast&amp;utm_source=third-party-host&amp;utm_content=show-notes" rel="noopener noreferrer" target="_blank">global consequences</a>.</p><br><p>We hear from Ngozi Okonjo-Iweala, director-general of the World Trade Organisation, about the WTO’s <a href="https://www.economist.com/special-report/2021/10/09/the-new-order-of-trade?utm_campaign=money-talks&amp;utm_medium=podcast&amp;utm_source=third-party-host&amp;utm_content=show-notes" rel="noopener noreferrer" target="_blank">complicated history</a> and contested future. US Trade Representative Katherine Tai explains where she thinks the current rules-based system falls short, particularly when it comes to China. And Pamela Coke-Hamilton, head of the International Trade Centre, identifies the <a href="https://www.economist.com/special-report/2021/10/09/a-fraying-system?utm_campaign=money-talks&amp;utm_medium=podcast&amp;utm_source=third-party-host&amp;utm_content=show-notes" rel="noopener noreferrer" target="_blank">winners and losers</a> of this new era.</p><br><p>Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at <