Latest STI data shows countries reevaluating the balance between global trade and sustainable practices
New Zealand retains the top spot, followed by the United Kingdom and rising Singapore − illustrative examples of harmonious coexistence between trade and sustainability goals.
Recent health and geopolitical turbulence are strengthening domestic industries and redefining countries’ terms for global exchanges. The 2023 edition of the annual Hinrich-IMD Sustainable Trade Index (STI) is outlined by a key shift in a post-pandemic world marred by geopolitical turmoil: towards the so-called “slowbalization”.
Economists generally mean by this term a slowdown in trade reform and weakening political and policy support for measures that open trade amid rising geopolitical tensions. As a response to an increasingly fragmented world, evidence from the STI shows...









