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Not all boats being lifted by the tide of global trade Add to ...

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You’d be hard-pressed to find a sensible economist who’d deny the benefits of trade. The cliché that a rising tide lifts all boats seems to fit. The problem is, it hasn’t happened. Not only have some boats not been lifted by globalization – they’ve been bashed against the rocks, stranded and left to sink while the rest of the world sails on.

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