Pascal Lamy

The rising weight of influence of emerging economies has shifted the balance of power. This clearly implies a number of transitions to which we have not yet adjusted as classic Westphalia concepts of sovereignty are being challenged by the realities of interdependence. Some may consider this a problem, it is perhaps better to think of it as an opportunity to look at the real shaping factors of trade.

World Trade Organisation Director-General Pascal Lamy was presenting the Richard Snape Lecture in Melbourne, Australia