Bank of England's Taylor explores global trade evolution and policy implications
Bank of England's Alan Taylor discussed the evolution of world trade and its implications for monetary policy. He explored historical perspectives from the 1800s to the present, questioning if globalisation is now facing a downswing.
Is globalisation peaking?
Alan Taylor's speech questioned if global trade has reached its peak.
He analyzed current trends suggesting a potential downswing in international trade flows, prompting a re-evaluation of globalisation's future trajectory.
Lessons from history
Taylor drew on historical perspectives from the 1800s' first age of globalisation to contextualize current trends.
He discussed world trade evolution, highlighting parallels.
The speech then explored the critical implications of these trade shifts for monetary policy.