Trade troubles

Chris Dillow

Chris Dillow

The pace of economic globalisation has slowed sharply. Latest figures from the CPB Netherlands Bureau for Economic Policy Analysis show that the volume of world trade has grown by just 1.5 per cent in the past 12 months. This continues a pattern: whereas trade volumes rose by 7 per cent per year in the 15 years to December 2007, they have risen by only 2 per cent per year since then.

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