Abstract
Abstract Globalization, e.g. as measured by the ratio of global trade to global production (or GDP), has stopped advancing and may well recede in the years to come. Whether this is harmful for economic welfare depends on the precise reasons of this development. The effect of increasing border measures on GDP, however, is quite clearly negative. Because technological progress will continue to lower trade costs, globalization will bounce back forcefully when the geopolitical environment becomes more benign again.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
