Ossa, Ralph - In: Wirtschaftsdienst 98 (2018) Sonderheft, pp. 13-15
Motivated by current events, this article provides a brief overview of recent attempts to quantify the gains from trade … and the costs of trade wars. The simple message is that trade generates large gains and trade wars entail large costs …. Recent estimates suggest that the worldwide gains from trade amount to around a quarter of global real income and that a …