On world trade.

• Author: Rees, Matthew
• Position: Miscellaneous

"Tariffs on goods have fallen from a worldwide average of 26 percent in 1986 to 8.8 percent in 2007. Trade has grown spectacularly--more than twice as fast, on average, as world output. It has also become more inclusive: developing countries have nearly doubled their share of world exports since 2000, to 37 percent in 2007. A rise in protectionism...