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Saturday, July 10, 2010

MORE ON WAITING FOR A TRADE POLICY FOR FRAGILE ECONOMIES

It has been argued in an editorial that we all now need still a little more free trade, bacause almost all advanced economies are so fragile now.

However, one of the things one sees, looking back, is that fragile economies have normally been associated with wars, their aftermaths, or their preludes.

We have fragile industrialized economies, everywhere, in a world long marked by globalized laissez faire 'relative' peace.

What does that say, if anything, about the processes which have been under way?

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