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Vertical specialialization in world trade

trade over the past 20 to 30 years. Vertical specialisation led trade to grow much faster than it would have otherwise. Earlier, a tractor made in America would use American…

Latest World Trade Organization Lunacy

…spotlight the lunacy of Obama administration plans to expand this dangerous “trade” agreement model via the Trans-Pacific Partnership (TPP) “free trade” agreement. More on that later. Let’s tour what is…

Measuring trade deficits and trade flows value

The Washington Post calls attention to changes in measuring international trade values: The U.S. trade deficit with China may be much smaller than thought according to new trade measurements that…