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Policy brief of the week

  • Trade, Inequality, and Morocco

    This is the era of hyper-globalization and rapid growth. Consumers search on line for the best-priced merchandise from all over the world, and trade has surged from 25% to 60% of world GDP over the last 50 years. Why, then, is trade still so controversial? The unemployment and dislocation caused by the global financial crisis provides only a part of the explanation. In the United States, the great crisis of 2008-2009 came on the heels of stagnant incomes for the vast majority of households over 30 years, a period which also saw nearly all...

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