Friday, November 4, 2016

Big Econ Story of the Week: Shrinking Global Trade

Global Trade is Shrinking (by Binyamin Applebaum in the New York Times)

This weeks most talked about economics story is that global trade is shrinking.   The drop in trade is clearly linked to the slowdown in global growth.  Political sentiment against trade may also be playing a part. Some believe the trade explosion was a one time event (you can only hollow out American factories or off shore jobs once) and we have reached a new norm.

You can also read the story here

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