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Peterson Institute for International Economics: Can Smaller Economies Really Create a New World Trade Order? Yes, They Can
February 13, 2026
WASHINGTON, Feb. 13 -- The Peterson Institute for International Economics issued the following commentary on Feb. 12, 2026, by senior research staffer Alan Wm. Wolff:

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Can smaller economies really create a new world trade order? Yes, they can.

In a clear rejection of being subject to the dictates of major powers, Canadian prime minister Mark Carney articulated a vision at the World Economic Forum annual meeting in Davos that was a call to action for mi . . .

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