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for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …
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-2018 may have caused a 1 percentage point decline in world trade growth. The paper also finds that the impact of policy …
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