Friday 30 September 2016

5 ways to make global trade work for developing countries (Joakim Reiter, WEF)

In 2016, the growth of world trade will be at its slowest since the financial crisis of 2008, reports the World Trade Organization (WTO). Despite the increased protectionism that followed the crash, traditional trade barriers, such as tariffs, are at historical lows. Despite this, the flow of goods and services between countries remains one of the most important drivers of job creation and prosperity, and its sluggish pace is prompting anxiety.

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