This is how trade agreements affect global production
Europe and North America are entangled in discussions to reverse or renegotiate existing trade agreements (Brexit, NAFTA), but other regions of the world are moving in the opposite direct...
Michele Ruta is Lead Economist in the Trade and Competitiveness Global Practice of the World Bank Group, where he works as an economic advisor to the Senior Director and manages a number of projects, including those related to G20 activities.
Europe and North America are entangled in discussions to reverse or renegotiate existing trade agreements (Brexit, NAFTA), but other regions of the world are moving in the opposite direct...
World trade grew at about 3% per annum in 2012-2015, which is much less than the pre-Crisis average of 7% for 1987-2007 and less than the growth of GDP. Previous work has shown that world...