Without adjustment on the home front, we believe that President Donald Trump's push to reduce the trade deficit is unlikely to improve the US trade balance, or boost domestic employment and growth. However, his outspoken approach and questioning of the prevailing trade system may be the very jolt that global trade negotiators need to update their thinking and move ahead with a constantly changing global economy and patterns of trade.
Developing countries face more favourable demographic prospects than the ageing developed markets. But it takes more than favourable age structure to boost growth. To reap the demographic dividend, many developing countries need much better conditions for employment and investment.