Governance reforms needed to tackle fragmentation risks, IFF panel urges
Yi Xiaozhun, IFF Vice President and former Deputy Director-General of the World Trade Organization, voiced concerns regarding the rising tide of deglobalization affecting the global economy.
- Yi Xiaozhun, IFF Vice President and former Deputy Director-General of the World Trade Organization, voiced concerns regarding the rising tide of deglobalization affecting the global economy.
- Zhao Zhongxiu, a member of the IFF Academic Committee and President of the University of International Business and Economics, detailed the possible repercussions of such fragmentation, particularly in the semiconductor sector.
- Among these are the risks of stifling innovation, leading to overcapacity, and negatively impacting the prevailing efficient semiconductor industry model.
- Jenny Shipley, IFF Co-Chair and former Prime Minister of New Zealand, highlighted the imperative for international institutions to effectively address global supply chain conflicts.