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Policy Forum

A Conversation with Dr. Ngozi Okonjo-Iweala

Director‐​General of the World Trade Organization

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Cato Institute, 1000 Massachusetts Ave, NW, Washington, DC
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Featuring
Dr. Ngozi Okonjo-Iweala
Dr. Ngozi Okonjo-Iweala

Director-General, World Trade Organization

Vice President, General Economics and Herbert A. Stiefel Trade Policy Center, Cato Institute

For nearly 30 years, the World Trade Organization (WTO) has been the bedrock of the global trading system, serving as a negotiating forum for its 164 members, providing a system for resolving trade disputes, and acting as an essential clearinghouse for trade-related information. Over three-quarters of cross-border trade is carried out based on members’ WTO commitments, fostering an environment that has seen global trade soar from $5 trillion in 1995, the year of the WTO’s founding, to almost $25 trillion in 2022.

Paradoxically, despite decades of success and the overwhelming benefits of trade for developed and developing countries alike, the WTO faces growing challenges and growing skepticism—particularly among US policymakers—regarding the benefits of globalization.

It is our pleasure to welcome Dr. Ngozi Okonjo-Iweala, director-general of the WTO, to the Cato Institute for a frank discussion on the threats facing both the WTO and globalization more broadly, as well as their implications for the global economy, developing countries, and the world’s most vulnerable people. Indeed, there may be no better person to discuss these topics than Okonjo-Iweala, given her current position at the WTO and her distinguished 40-year career as an economist, international development expert, Nigerian government official and finance expert. We’d be thrilled for you to join us for this important conversation.

Lunch to follow

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Defending Globalization

Unfortunately, the most common anti‐​globalization narratives are not just inaccurate; they ignore the fundamental humanity of globalization and that, for all its foibles and missteps, global capitalism’s long‐​term direction is undeniably positive. Frustrated by the ossifying conventional wisdom that, actually, globalization has been mostly Bad, we set out to launch this Cato project, which will both correct the record and offer a strong, proactive case for more global integration in the years ahead.