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Spain is a good example of what we call a proportional trader, engaging in more trades with high GDP countries and less trades with low GDP countries.
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There would be less trade, less investment and less business.
"You fight recession with more trade, not with less trade".
"You're more or less trading contracts for talent.
That means there is less trade and less money for many families.
Yet even conservation has drawbacks: it may simply mean less mobility and less trade.
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.
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.
Democratic politicians are much less trade-friendly than Democratic voters or the country as a whole.
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