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Don’t blame globalisation

While Donald Trump plans to fix America’s economic malaise by blocking imports from Mexico and China, the latest IMF World Economic Outlook laments the slow growth of global trade. They can’t both be right. It is almost exactly 200 years since David Ricardo set out the advantages of countries trading with each other. This is one of the few things economists agree on, and the two centuries since then have provided ample evidence that international trade boosts productivity and provides greater choice for consumers.
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