A new report reveals that global trade has plateaued since 2015, contradicting earlier assumptions of a slowdown. According to the Global Trade Alert, world export and import volumes have reached a standstill, with both industrialized and emerging economies experiencing a halt in growth. The report points out that protectionist policies have increased, with a 50% rise in harmful measures, including tariffs and export restrictions. As global trade remains stagnant, experts warn that competition for market shares is intensifying, leading to a potential 21st-century mercantilist approach.

The report also highlights the role of commodity prices and currency fluctuations in reducing the value of trade. Although raw materials trade showed a slight recovery in late 2015, the overall value of capital goods and consumer products has plateaued. Meanwhile, governments have shifted their trade policies, favoring local production and restricting foreign imports, causing concern among multinational companies.

The stagnation in trade growth poses a significant challenge for policymakers, who must navigate the delicate balance between protecting domestic industries and promoting international trade. Many experts believe that if this trend continues, it could lead to increased economic nationalism and a shift toward fragmented global markets.

The report calls on world leaders to address the rising protectionism and refocus efforts on fostering sustainable global trade growth. Without coordinated international efforts, the stagnation in global trade could hinder economic recovery and deepen existing geopolitical tensions.

As governments implement more protectionist measures, the ripple effects on global commerce, foreign investment, and talent acquisition could transform the dynamics of global competition. The coming years may require a reevaluation of traditional trade agreements and economic strategies to ensure long-term prosperity in a rapidly changing world.