The deeper forces shaping global trade
2026-04-24
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via McKinsey Insights & Publications
It would be natural to assume that tariffs are the driving force behind recent major shifts in global trade patterns. But while geopolitically-driven trade policies are indeed reconfiguring flows, longer-term shifts in technology and economic development are determining what the world builds and buys, write Tiago Devesa, Jeongmin Seong, and Olivia White in Project Syndicate.
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