“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
“Are we at a paradigm shift? That’s what people are worried about, that history isn’t much of a guide for
February 27, 2021
“Are we at a paradigm shift? That’s what people are worried about, that history isn’t much of a guide for us now,” said Joyce Chang,