Does International Trade Weaken or Strengthen Countries’ Resilience?
Four significant problems currently afflicting leading economies serve as examples of how trade barriers erected by governments have reduced resilience. In each case, liberalization could help to remedy the problem.
https://prosyn.org/XT4Qflo
ATHENS – Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union faces the threat of scarce energy supplies, owing to sanctions on Russian fossil-fuel exports. And almost all countries are experiencing high inflation.