Description: Cadbury Economics covering economic growth, free trade, trade and development, market scale and growth, trade policy, developing country trade policy, market protection, infant industry protection, new growth theory.
economic growth (82) free trade (25) trade policy (5) trade and development (1) market scale and growth (1) developing country trade policy (1) market protection (1) infant industry protection (1) new growth theory (1)
Trade is a fundamental driver of economic activity and throughout history communities that have traded have accumulated wealth as a consequence. Yet trade is mostly misunderstood and almost all the things that are popularly ?known? about trade are incorrect, as these examples show:
On the first point above, almost all trade benefits both countries that participate ? this point was theoretically proved almost 200 years ago by David Ricardo. Free trade is the fairest form of trade, allowing firms to deal domestically and with foreigners on the same basis, whereas other forms of trade discriminate against foreigners. Countries that isolate themselves economically from the world like China in the 14th century, the USA in the 1930s and North Korea today invariably suffer as a consequence.
The entries on this site consist of the results of analysis of trade and growth data carried out by the author.