Publication 2030 Agenda Toward a New Deal for Global Trade - A Progressive Agenda 16.09.2026 Martín Guzmán and Joseph E. Stiglitz Guzmán and Stiglitz outline a progressive vision for a fairer global trading system that better serves workers, developing economies, and sustainable growth. The current global trading system has failed to deliver prosperity for most people and is now collapsing under its own contradictions. Built on flawed economic theory and shaped by power asymmetries, the neoliberal order locked developing countries into low-value activities while hollowing out the middle class in advanced economies. More recently, the Trump administration’s approach to trade has exposed how fragile these rules truly are. This paper diagnoses these failures and proposes a progressive alternative grounded in genuine fairness, national autonomy, and human well-being. It offers concrete reforms to governance structures, intellectual property regimes, and digital trade that could enable broad-based development and sustainable growth. Rather than accepting the current trajectory, Guzmán and Stiglitz show how coalitions of countries committed to principled rules might construct a trading system that works for workers, developing economies, and the planet. Download publication Toward a new deal for global trade Guzman, Martín ; Stiglitz, Joseph E. | Bonn : Friedrich-Ebert-Stiftung e.V., September 2026 a progressive agenda Download publication About the Authors Martín Guzmán is a professor at the School of International and Public Affairs of Columbia University and co-president of the Initiative for Policy Dialogue at Columbia University Business School. He is also a member of the Pontifical Academy of Social Sciences as well as the Jubilee Commission at the Vatican. He served as minister of economy of Argentina from December 2019 to July 2022, where he led the management of a sovereign debt crisis that included the second largest sovereign debt restructuring in history in 2020 and negotiations with the International Monetary Fund on refinancing the largest loan in the institution’s history. He is the founder and president of Suramericana Visión, a think tank promoting economic development policies for Argentina. A leading global expert on sovereign debt and debt crisis resolution, his research has been published in leading international journals and books. He holds a PhD in economics from Brown University, a master’s in economics from the Universidad Nacional de La Plata in Argentina (2007), and a bachelor’s degree in economics from the same institution (2005). Joseph E. Stiglitz is university professor at Columbia University, with appointments at the Business School, the Department of Economics, and the School of International and Public Affairs. He is co-president of the Initiative for Policy Dialogue and chief economist of the Roosevelt Institute. He was awarded the Nobel Prize in Economic Sciences in 2001 for his analyses of markets with asymmetric information, and was a lead author of the 1995 assessment report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. He served as chief economist and senior vice-president of the World Bank from 1997 to 2000, and as chair of the Council of Economic Advisers during the Clinton administration from 1995 to 1997 (member from 1993 to 1995). He has taught at Princeton, Stanford, and MIT, and was the Drummond professor at Oxford. He became a full professor at Yale in 1970, and in 1979 was awarded the John Bates Clark Award, given biennially to the economist under 40 who has made the most significant contribution to the field. He received his PhD from MIT in 1967 and is a graduate of Amherst College. His work helped create “the economics of information,” exploring the consequences of information asymmetries and pioneering concepts like adverse selection and moral hazard. He has made major contributions to macroeconomics, development economics, trade theory, and welfare economics, and has authored numerous influential books on economics, globalization, and inequality. Among his many honors are more than 40 honorary doctorates from universities including Cambridge and Oxford.
Toward a new deal for global trade Guzman, Martín ; Stiglitz, Joseph E. | Bonn : Friedrich-Ebert-Stiftung e.V., September 2026 a progressive agenda Download publication