130. Southbound traffic: Giselle Datz on the shifts in global trade

The Weekly Tradecast looks at the trends in South-South trade – along with some challenges on the horizon – with Giselle Datz, an expert in the global political economy at Virginia Tech. Throughout modern history, wealthy nations in the north have been consuming food, minerals and other goods from developing countries most often found in what’s called the Global South. But in recent years, the patterns of market power have been shifting within Asia, Latin America and Africa – with profound implications for the global economy and development. The latest UN Trade and Development report says that South-South trade has more than doubled since 2007. In 2023, that trade within the Global South was worth $5.6 trillion. But against this backdrop Donald Trump, the new US president, takes office with talk of tariffs and protectionism. For more on what lies ahead for the Global South and where the risks are, tune in to Giselle Datz, Associate Professor in the Government and International Affairs Program at Virginia Tech.