Topic: David Ricardo

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WTO chief Pascal Lamy: World must change the way it measures trade flows

It is economic nonsense to continue to calculate bilateral trade balances – like those between the US and China – the way we do today. What we need to monitor is the effective added value in each country, not the overall value of goods and services imported and exported.
The Circle Bastiat Trade creates wealth. Regulation destroys it.

The auto industry is a perfect example of how regulation can hinder the market.

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Topic: David Ricardo

All Content

WTO chief Pascal Lamy: World must change the way it measures trade flows

The Circle Bastiat Trade creates wealth. Regulation destroys it.

Most viewed

Editors' picks:

Focus North Korea's hidden labor camps exposed

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