Very interesting article. One additional point is that people often conflate “free trade” (by that I mean low levels of tariffs) with the percentage of national trade that is imports and exports. A nation can have low tariffs with relatively low levels of exports and imports. The US being the biggest example.
Very interesting article. One additional point is that people often conflate “free trade” (by that I mean low levels of tariffs) with the percentage of national trade that is imports and exports. A nation can have low tariffs with relatively low levels of exports and imports. The US being the biggest example.
Great catch I'll change the wording to "globalized trade" and explain that I just mean "trade proportion of gdp" so I don't confuse the Two terms.