This chart, produced by Goldman Sachs and reproduced by FT Alphaville and Barry Ritholtz, shows how world trade has grown in the past half-century.
In 1960, a quarter of world output was for export. Now it is well over half.
There is a benefit in being able to buy things that are produced in distant lands. There also is a risk in depending on long and vulnerable supply chains for what you need. We the people and our governments need to think about what balance to strike.
Tags: Globalization, Goldman Sachs, Trade Policy, World economy, World Trade
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