Mises Wire
Author:
Carmen Elena Dorobăț
Online Publish Date:
The Economist ran a piece today deploring the sluggish growth of international trade over the past two years. According to WTO data, since the 1980s and up until the financial crisis, global trade grew by an average of 7% every year—often double the growth in world GDP—but by only 2-3% in 2012 and 2013. Most common explanations point to the