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Trade and globalisation

The volume of world trade has dramatically increased over the last three decades

The value of internationally traded goods is more than three times higher now than it was in 1990. A much greater share of trade now occurs between high-income countries such as the United Kingdom, and lower-income countries such as China. The rise of international trade and the emergence of China as the world’s leading exporter of manufactured goods have had large impacts on both goods and labour markets around the world.

How did globalization affect firms and workers in different countries?

Why did some countries like Germany apparently adjust better to recent waves of globalization than other countries like the United States? How did trade with low income countries affect the prices of goods bought by rich and poor consumers? What impact did import competition have on public attitudes towards trade and political outcomes in rich countries? By looking at the evidence, we aim to understand how and why trade affects inequality differently in different countries.