ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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A Note on the Irrelevance of Trade

Pramit Chaudhuri We have tended to give trade problems undue importance in our discussions on economic problems and policy. It is, perhaps, the nineteenth-century Anglo-Saxon tradition which makes us think of trade as creating growth. For the bulk of this century, it is growth that has been creating trade. We all know what' happens when the activity indexes in the United Slates begin to nod and to dip.

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