Is trade really that much less free than when growth was higher?
Ron Warrick

Thank you for the thoughtful response. Trade barriers are low by historical standards, but as the OECD report notes, barriers have been creeping back up — “death by a thousand cuts,” their economist calls it. Although not the biggest factor, this has imposed a drag on global growth. Opening global markets further to allow more trade and specialization would boost productivity and growth.

Like what you read? Give Daniel Griswold a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.