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The Sky Is Falling! Growth in World Trade Is Slowing

The establishment types are pulling out all the stops in trying to resuscitate the Trans-Pacific Partnership. Hence we get a report from the OECD on the declining in the growth rate of world trade and a front page article highlighting the report in the Washington Post. I haven't read the report carefully, but it is worth making two quick points. First, trade has grown rapidly as share of world GDP from 1970 to the 2008 crash.
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