Daniel Altman Quotes

Rich countries want unfettered access to poor countries' markets, which are often heavily protected by tariffs, but they don't want to give up all the protections for their own goods and services.

Diverse groups of countries can do a lot by trading amongst themselves, exploiting differences in costs, resources, and technologies.

Pretty soon, we should see a few large regional blocs dominating global trade. The ones that lower trade barriers faster will grow faster...