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Abstract:

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When free trade lands on the banking desk

October 2019
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Tags: cep; department of economics; economics; lse authors

The effect of trade liberalisation on economic activity remains one of the most important questions in economics. While prominent theories of international trade show that free trade improves the allocation of resources and welfare within countries (the so called “reallocation channel”), trade scepticism is at a historical high in many policy circles around the world. It is well understood that […]