Transformation of Trade and Connectivity Institutions in the New Reality
This policy paper summarizes the discussions from the expert session “Transformation of Trade and Connectivity Architecture in the New Reality”, held in Vladivostok as part of the Open Dialogue initiative.
Key Takeaways
- The center of economic activity is shifting toward countries in Asia, Africa, and Latin America. This is transforming the architecture of global trade, finance, and logistics.
- Amid difficulties in reaching global consensus, states are increasingly entering bilateral, regional, and megaregional agreements, forming what some experts describe as "hedged globalization"—a multi‑layer system for managing risks.
- There is a growing demand for a multipolar financial ecosystem: settlements in national currencies, the development of domestic payment systems, and pilot projects for Central Bank Digital Currencies (CBDCs). These measures help safeguard transactions and reserves from the dominance of a single currency.
- Control of key logistics routes by individual jurisdictions creates vulnerabilities for global supply chains. The growth of South–South trade (now exceeding 40% of global merchandise trade) opens opportunities for new diversified corridors.
- Artificial intelligence, automation, and digital platforms are reshaping value chains. Companies need to invest in smart infrastructure, digital supply chain management, and AI‑driven solutions.
The paper is based on an analysis of international statistics, reports from global organizations, national strategies, and expert assessments.
Authors
- Natalia Stapran
Natalia Stapran
Director
- Yaroslav Yalovenko
Yaroslav Yalovenko
Head
Global Economy and International Institutions
- Margarita Rudnik
Margarita Rudnik
Head of Strategic Research Projects, Deputy Director
- Andrey Latyshev
Andrey Latyshev
Lead Analyst
Global Economy and International Institutions
- Artem Zubov
Artem Zubov
Senior Analyst
Global Economy and International Institutions
- Alexander Guryanov
Alexander Guryanov
Lead Analyst
Global Economy and International Institutions