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Globalisation Project
The New Globalisation: SMEs and International Trade – The Supply Chain is as Important as Direct Exports
The disproportionately small share of exports from Small and Medium Enterprises (SMEs) is a cause of concern in modern trade policy. For developed...
Prosperity and Resilience: Diverse Production and Comparative Advantage in Modern Economies
A common version of trade theory suggests that countries will specialise in a limited number of products. Using the example of David Ricardo from...
Services Trade Needs to be Taken as Seriously as Goods Trade
Services constitute at least a quarter of total trade. Between 2009 and 2019 global services trade increased by nearly 50%, compared to 18% for goods...
Free Trade Agreements Have Limited Impact (Because Manufactured Goods are a Perfect Market)
Free Trade Agreements between two or more countries or parties have been the centrepiece of international trade policy since the formation of the...