Government/Policy
October 16, 2022
Leibowitz: The Changing Face of Trade in a Time of Struggle
Written by Lewis Leibowitz
The international consensus on expanding international trade has shattered. New York Times columnist Paul Krugman wrote a piece last week in the Times outlining some of the factors that led to the demise of this consensus.
In the 1990s, with the advent of NAFTA and the WTO, the prevalent view among policymakers was that trade increased global interdependence and interdependence made big wars impossible. It also improved the lives of billions of people around the globe. While trade has not eliminated extreme poverty, it is much reduced.

