global trade done? In this month’s issue of Goldman Sachs’ Top of Mind magazine, two of the bank’s Asia economists Goohoon Kwon and Irene Choi discuss structural reasons for the apparent trade stagnation in emerging market Asia and beyond.
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Global trade has long been a major driver of growth. Exports have grown two to three times faster than trade partners’ GDP since the 1990s, boosting investment, which in turn has amplified trade and economic activity. However,...
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