June 2023Policymaker and NegotiatorFormer Korean trade chief Yoo Myung-hee talks about her country’s rise and risk amid economic fragmentationJeff KearnsPodcastMichele Ruta on Discriminatory RegionalismAs rising geopolitical tensions chip away at globalization, will a more fragmented world mean stronger regional pacts? Economist Michele Ruta says the trend toward strengthening ties with friends and loosening them with non-friends is making regional trade less about integration and more about discrimination.MICHELE RUTABack to BasicsInternational TradeNations are almost always better off when they buy and sell from one anotherBrad McDonaldRelated LinksF&D HomepageF&D TopicsF&D AuthorsCountry Focus