Is trade really that much less free than when growth was higher?
Ron Warrick
1

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.