00:00This year's World Economic Forum in Davos took
00:05place in a particularly tense climate. Europe and the United States
00:10played their disagreements on Greenland
00:12in speech after speech, raising fears of a
00:15trade war between the historic partners. Although
00:18Washington ultimately backtracked,
00:20the scars run deep and the economic risks remain.
00:25The most significant shift that we have seen in many years
00:28in terms of what's happening with the world.
00:30Now, it still remains the case that 80% of global trade is
00:35impacted by the rules of the World Trade Organization.
00:38So it's not completely chaotic.
00:40But we are at a precipice.
00:42Faced with geopolitical risks,
00:45the Harvard professor believes that the European response
00:48must involve strengthening the
00:50single market.
00:51She believes that undertaking reforms across all 27 members
00:55the United States, ensuring that they are capable of coming
00:58together, would send a message to the
01:00international community.
Comments