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There would be less trade, less investment and less business.
"You fight recession with more trade, not with less trade".
Less trade, on the other hand, means that people are worse off, said Van Reenen.
The elements of de-globalisation are: less trade, repatriation of capital, nation state more important.
High oil prices increased transportation costs, making less trade economically worthwhile.
Yet even conservation has drawbacks: it may simply mean less mobility and less trade.
Similar(20)
Democratic politicians are much less trade-friendly than Democratic voters or the country as a whole.
The new Congress, with bigger Democratic majorities, has a decidedly less trade-friendly hue.
And America's farm subsidies, unlike Europe's, have become more, rather than less, trade-distorting.
That would not suit China a bigger, less trade-dependent economy over the long run.
Using a new data set of foreign-exchange transactions, I find that customers trade more precise quantities at quarter-end, as evidenced by less trade-size clustering.
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CEO of Professional Science Editing for Scientists @ prosciediting.com