“World trade will grow by a mere 2.5 percent this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization said on Friday.
The estimate was a revision of the WTO’s previous 2012 growth forecast of 3.7 percent, which it made in April. It also forecast trade would expand by 4.5 percent in 2013, revised down from 5.6 percent.” (Economic Times)
Why don’t we try getting rid of trade regulations across the board and get rid of, in the words of Murray Rothbard, “the mercantilist-managerial apparatus of global economic control.” (495, Making Economic Sense)
FEE Timely Classics
Why Managed Trade Is Not Free Trade by Robert Batemarco
The New Deal of World Trade by Aparicio Caicedo