{"id":580752,"date":"2023-01-17T13:36:52","date_gmt":"2023-01-17T13:36:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/world-trade-is-getting-increasingly-deregulated-and-disorganized-a-shifting-world-of-work-needs-businesses-to-adapt-quickly\/"},"modified":"2023-01-17T13:36:52","modified_gmt":"2023-01-17T13:36:52","slug":"world-trade-is-getting-increasingly-deregulated-and-disorganized-a-shifting-world-of-work-needs-businesses-to-adapt-quickly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/world-trade-is-getting-increasingly-deregulated-and-disorganized-a-shifting-world-of-work-needs-businesses-to-adapt-quickly\/","title":{"rendered":"World trade is getting increasingly deregulated (and disorganized) + A shifting world of work needs businesses to adapt quickly"},"content":{"rendered":"

<\/a> A global economy without a cop: <\/strong>The world trading system is grappling with deregulation as the World Trade Organization (WTO) becomes increasingly sidelined, the Wall Street Journal writes<\/a>. Countries have been imposing greater export controls, subsidies, and tariffs that undermine trade relations \u2014 a trend spearheaded by the world\u2019s two largest economies, the US and China. The Trump administration, for instance, violated WTO regulations by imposing tariffs on imported steel and aluminum \u2014 with a US Trade Representative spokesperson insisting that the US, not the WTO, gets to decide what constitutes the protection of national security. China, meanwhile, has managed to circumvent the WTO\u2019s jurisdiction through opaque subsidies. For years, the only EVs it subsidized were those with Chinese batteries, but no WTO violation could be proved because these discriminatory subsidies aren\u2019t written into law. What\u2019s more, Western countries often refrain from raising complaints against China to the WTO in fear of retaliatory measures, such as antitrust and cybersecurity investigations.<\/p>\n

Where does this leave the future of world trade? <\/strong>The WSJ posits that the future is going to look a lot like \u201cthe pre-WTO past,\u201d with trading partners moving towards negotiation rather than litigation and embracing regional pacts rather than a single stream of hardset rules. Countries will form trade relations \u201ca la carte,\u201d picking from a menu of partners and sectors that align with their values. But as always, not all will wield the same power. \u201cJust as hockey without referees favors the team with the largest players, trade without binding dispute settlement favors those countries best able to retaliate, or withstand retaliation \u2014 i.e., the US, China and the EU,\u201d the writer notes.<\/p>\n

\n

<\/a> Business needs to adapt to a changing world of work if they want to be around in 10<\/strong> years:<\/strong> Nearly 40% of global CEOs believe their company will no longer be financially viable within a decade if they remain on their current trajectories, pointing primarily to a shortage in skilled employees, technological advancements, and shifting customer preferences, PwC\u2019s Global CEO Survey<\/a> shows. The survey, which was released yesterday just as Davos kicked off, paints an image of a widely negative sentiment regarding \u201cimmediate global outlook and longer-term survival prospects,\u201d The Guardian<\/a> writes. Growth prospects were bleak as well, with almost 75% of CEOs predicting that growth will slow in the coming year. CEOs across the globe were more confident in their three-year revenue growth prospects than they are in the shorter-term.<\/p>\n

CEOs\u2019 confidence in their own company\u2019s prospects fell 25% y-o-y<\/strong> \u2014 a steeper decline than any other drop in the previous 15 years, with the exception of the 50% y-o-y drop recorded in 2009 with the global banking crisis. CEOs in the Middle East, Africa, Brazil, China, Japan however were an exception; they remained as confident in their growth prospects as they were last year. CEOs in the US were the most optimistic \u201cabout the long-term viability of their business models,\u201d while their peers in China (who are facing uncertainty about freeflowing global trade) and in Japan (who have been hindered by having one of the oldest populations in the world) were the least optimistic.<\/p>\n

AND- The majority of the C-suite class anticipate some level of climate-change-related<\/strong> impact over the next year,<\/strong> particularly in their cost profiles (which 50% anticipated will be impacted) and supply chains (42%). Fewer respondents (24%) were concerned about physical assets being impacted by climate change. Chinese CEOs feel particularly susceptible with 71% anticipating potential impact to their supply chains, 65% in cost profiles, and 56% in physical assets.<\/p>\n

\n

Big shakeup in Big Tech manufacturing as Apple moves away from Samsung for<\/strong> microLED screen production:<\/strong> Apple is set to begin manufacturing its microLED screens in-house, as it looks to move its production chain away from production partners Samsung and LG, Bloomberg<\/a> reports, citing sources with knowledge of the matter. Apple is currently planning to begin using its own screens for certain products as early as next year, which will allow it to create and test higher quality screens faster and cheaper, the sources say.<\/p>\n

<\/a> Researchers have developed a laser beam that can divert lightning strikes and<\/strong> help protect infrastructure.<\/strong> The new \u201claser lightning rod\u201d is a significant advancement in the development of laser-based lightning protection that may be used to protect important facilities, such as airports and power stations during thunderstorms, according to the results of the research published in Nature Photonics<\/a>.<\/p>\n

How it works:<\/strong> The new technology managed to deflect four lightning strikes at the Swisscom transmitter tower on Mount S\u00e4ntis, during six hours of thunderstorm activity through the use of a high-frequency laser beam which \u201cionizes air molecules in its path, creating an electrically conducting channel to guide a lightning strike\u201d to the ground, The Financial Times<\/a> writes. The aim of the project is to protect a broader area than the traditional metal rods that protrude from critical buildings and tall towers currently do. Those rods\u2019 radius of protection from strikes is approximately equal to their height. The S\u00e4ntis trial comes after 20 years of studies and laboratory tests aimed at producing a laser capable of diverting lightning without using large amounts of energy or creating safety issues. The scientists\u2019 next step for the project is applying for funding to test the system at an airport.<\/p>\n","protected":false},"excerpt":{"rendered":"

A global economy without a cop: The world trading system is grappling with deregulation as the World Trade Organization (WTO) becomes increasingly sidelined, the Wall Street Journal writes. Countries have been imposing greater export controls, subsidies, and tariffs that undermine trade relations \u2014 a trend spearheaded by the world\u2019s two largest economies, the US and […]<\/p>\n","protected":false},"author":1,"featured_media":580753,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,6638,322,715],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-future-of-work","tag-science","tag-world-trade-organization","wpautop","entry"],"acf":{"mongo_id":"441244ea-a971-4dfc-b0f4-15c0a6d5360d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/681.jpg","photo_position":"above","related_issue":[580747],"teaser":"","voice_url":""},"yoast_head":"\nWorld trade is getting increasingly deregulated (and disorganized) + A shifting world of work needs businesses to adapt quickly - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/world-trade-is-getting-increasingly-deregulated-and-disorganized-a-shifting-world-of-work-needs-businesses-to-adapt-quickly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World trade is getting increasingly deregulated (and disorganized) + A shifting world of work needs businesses to adapt quickly\" \/>\n<meta property=\"og:description\" content=\"A global economy without a cop: The world trading system is grappling with deregulation as the World Trade Organization (WTO) becomes increasingly sidelined, the Wall Street Journal writes. 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China, Turkey and the Ukraine are reportedly looking to file a complaint with the World Trade Organization (WTO) over Egypt imposing anti-dumping tariffs on rebar steel imports from these countries for a five-year period,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648865,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/egypt-needs-to-look-towards-more-trade-and-investment-partners-beyond-the-us-wto-official\/","url_meta":{"origin":580752,"position":1},"title":"Egypt needs to look towards more trade and investment partners beyond the US -WTO official","author":"enterpriseam admin","date":"13 April 2017","format":false,"excerpt":"Our friendship with Trump doesn\u2019t mean we should follow his protectionist ways: Egypt has to look to more trade and investment partners than just the US if it hopes to grow as a global player, World Trade Organization (WTO) Trade Service Division Director Abdel Hamid Mamdouh said on Wednesday, according\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641889,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/01\/qatar-files-legal-complaint-with-wto-against-arab-countries-trade-boycott\/","url_meta":{"origin":580752,"position":2},"title":"Qatar files legal complaint with WTO against Arab countries\u2019 trade boycott","author":"enterpriseam admin","date":"1 August 2017","format":false,"excerpt":"Qatar filed yesterday a complaint with the World Trade Organization (WTO) against the \u201ctrade boycott\u201d imposed by Saudi Arabia, the UAE, and Bahrain, Reuters reports. \u201cBy formally \u2018requesting consultations\u2019 with the three countries, the first step in a trade dispute, Qatar triggered a 60 day deadline for them to settle\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648654,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/wto-delegation-to-visit-cairo-this-week-for-policy-review\/","url_meta":{"origin":580752,"position":3},"title":"WTO delegation to visit Cairo this week for policy review","author":"enterpriseam admin","date":"9 April 2017","format":false,"excerpt":"WTO delegation to visit Cairo this week for policy review:A World Trade Organization (WTO) delegation will land in Cairo this week for a three-day visit during which they will review Egypt\u2019s economic, trade, and investment policies, according to Trade Minister Tarek Kabil, Al Borsa says. We expect the discussions to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624589,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/new-tariffs-take-hold-govt-says-they-dont-violate-wto-agreements\/","url_meta":{"origin":580752,"position":4},"title":"New tariffs take hold, gov\u2019t says they don\u2019t violate WTO agreements","author":"enterpriseam admin","date":"13 September 2018","format":false,"excerpt":"**#1 New import tariffs have taken effect: Customs authorities at ports and airports across the country began yesterday to implement a decision signed off overnight Tuesday by President Abdel Fattah El Sisi to raise import tariffs everything from clothing to electronics and pet food, according to the Finance Ministry. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648951,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/wto-completes-review-of-egypts-trading-practices\/","url_meta":{"origin":580752,"position":5},"title":"WTO completes review of Egypt\u2019s trading practices","author":"enterpriseam admin","date":"18 April 2017","format":false,"excerpt":"The World Trade Organization hascompleted its review on Egypt\u2019s trade policies and had very nice things to say about them apparently, according to statements attributed to the WTO delegation by Al Shorouk. The delegation was apparently impressed by the government\u2019s efforts to revamp its trade policies and its \u201c2020 export\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=580752"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580752\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/580747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/580753"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=580752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=580752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=580752"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=580752"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=580752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}