Singapore among countries most at risk from rising geopolitical tensions, says WTO

The Republic is one of the countries most at risk from the changing trends in globalisation. - ST PHOTO: CHONG JUN LIANG

GENEVA: Scepticism over the benefits of international trade and multilateral cooperation has been rising, with the economic shocks wrought by Covid-19 and the war in Ukraine fuelling perceptions that globalisation has exposed countries to excessive risks instead of making them stronger, a world trade report revealed on Tuesday.

This has led to a change in the geopolitical landscape, with implications for global security, inequality and the accelerating climate crisis, findings of the 2023 edition of the World Trade Report showed.