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The deeper forces shaping global trade

McKinsey Insights & Publications·The deeper forces shaping global trade·about 1 month ago
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It would be natural to assume that tariffs are the driving force behind recent major shifts in global trade patterns. But while geopolitically-driven trade policies are indeed reconfiguring flows, longer-term shifts in technology and economic development are determining what the world builds and buys, write Tiago Devesa, Jeongmin Seong, and Olivia White in Project Syndicate.

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