He also argued that it would help jumpstart a global economy struggling to shrug off a sharp downturn. “Financial markets are skittish and fearful of protectionism,” Zoellick said. “Movement on trade liberalization is now vital for our economic recovery and for sustaining economic reforms globally.” Of course, any new global trade round will take years to complete. Zoellick doesn’t see a new round as an instant panacea but believes it will boost market confidence.