Member Views

How will ‘friendshoring’ impact global trade in 2024?

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran's recent interview with The Banker for a new article titled "How will ‘friendshoring’ impact global trade in 2024?" 

According to the article, "Trade costs are expected to rise as political proximity increasingly trumps commercial convenience for the US and China."

Caxton Associates

This Member Monday we welcome new organizational member, Caxton Associates.

Caxton is a global macro hedge fund that utilizes a blend of rigorous market analysis, macroeconomics, politics plus policy, and company assessments to craft portfolios achieving a balance between exceptional returns and resilience.

We appreciate their commitment and support, and we look forward to their engagement with The Bretton Woods Committee. 

Hierarchy and Differentiation in International Regime Complexes: A Theoretical Framework for Comparative Research

The landscape of global governance is increasingly crowded. In nearly every major policy domain, multilateral cooperation occurs within clusters of nested and overlapping international institutions. A growing body of research examines these ‘international regime complexes,’ establishing institutional density as a defining feature of contemporary global governance. Issue areas as diverse as trade, climate change, education and crisis finance have experienced a crowding of governance institutions over time.

Delisting From the US: Chinese Firms Prove Popular Over the Counter

BWC member Hung Tran was interviewed by IR Magazine: "while many of the voluntary delisting decisions were viewed through the lens of Chinese resistance to US auditing requirements, the moves are also about longer-terms plans for the Chinese market."

Xi Jinping Is Done With the Established World Order

BWC member and Atlantic Council "economist Hung Tran argued in a recent report, China aims to 'turn the BRICS group into a support organization for China’s geopolitical agenda' and a 'venue for anti-US political activism.'"

Xi's No-Show at the G20 is Another Sign of Deepening Divisions Around the World

BWC member Hung Tran in CBC:

"There would be serious implications if the G20 ceased to function..."

"'There is really no substitute... at that leaders' level that brings everybody together. And that's why the G20 came into being... it fills a void.'"

Rising Use of Local Currencies in Cross-Border Payments

"China has been able to use its currency to settle half of its foreign trade and investment transactions."

A recent piece by Policy Center for the New South cited BWC member Hung Tran's Atlantic Council analysis on the RMB share of China's total cross-border settlements.

How Can the Global South Navigate Geopolitical Rivalry and Geoeconomic Fragmentation?

The BWC is pleased to Member Spotlight a recent policy brief by BWC member Hung Tran published with the Policy Center for the New South examining how geopolitical tensions complicate development challenges for the Global South, navigate trade fragmentation with ambiguous roles from China and Russia, and promote developing countries to assess major powers' strategies for informed decision-making.

Institutions for Policy Coordination in the Global South

Developing countries that identify themselves as parts of the Global South (GS) face a difficult task in making their collective influence felt in international affairs. They can achieve this goal only if they succeed in developing institutions to coordinate their policies efficiently around agreed agendas, in order to be in a position to negotiate more effectively with developed countries to reform the current international political and economic system.

A Bigger BRICS? China Pushes to Expand Bloc

BWC member Hung Tran called alternative currency "'unrealistic' in an interview this week and said there was 'no other currency which really enjoys all the attributes and the convenience and the ease of dealing like the dollar or the euro at the moment.'"