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Eleventh Hour for WTO Reform SHARE
The next ministerial conference of the World Trade Organization, scheduled for June in Nur-Sultan, Kazakhstan, may be the last chance for the WTO to reclaim its central role in the multilateral trading system. With all too few successes in the 21
st century about which to boast, WTO members must prove anew there that they can negotiate new rules and put them into effect. To improve their prospects for success in Kazakhstan, they must agree now on the issues most likely to have chances to generate consensus by June and pursue negotiations on those issues immediately.
Established in 1995, the World Trade Organization (WTO) was the culmination of half a century of global trade liberalization achieved under the auspices of the General Agreement on Tariffs and Trade (GATT). Subsequent agreements to achieve further liberalization and to establish rules for emerging forms of cross‐border trade and investment were among the expectations of WTO members from the outset. But very little in the way of agreements on new rules has been achieved in the quarter century since the WTO’s founding, and today the institution is facing an existential crisis.
Discord among members over a variety of matters; mounting tensions in the U.S.-China relationship; differences over definitions, priorities, and expectations; and the general absence of a requisite sense of urgency have left the organization in a state of paralysis. The failure to reach any new multilateral or other agreements or even to agree on next steps at the conclusion of the last Minister
Five Priorities for HR Leaders on the Way to Recovery
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Published 4 months ago Five Priorities for HR Leaders on the Way to Recovery
The future of the workplace remains uncertain, with business leaders facing unique hurdles heading into 2021. To help set the course, recent PwC reports reveal five key takeaways for Chief Human Resource Officers (CHROs) as businesses refine their recovery strategies and transition plans.
With polling data from thousands of U.S.-based employees and executives throughout 2020, the above graphic uncovers critical priorities to help HR leaders navigate 2021 from fostering workplace safety and well-being to implementing technology that promotes engagement.