“Privileged insularity” @GitaGopinath: $ share of global trade invoicing was 4.7* larger than US share of value of imports, &

“Privileged insularity” @GitaGopinath:
$ share of global trade invoicing was 4.7* larger than US share of value of imports, & 3* share of world exports -> general $ appreciation hurts export competitiveness of many EM & raises costs of imports.
economist.com/schools-brief/… https://t.co/EtWAOY33c0

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