The income gap between rich countries and poor countries closes by 50 percent when barriers to trade are removed. This is a key finding of a paper by Vice President and Deputy Director of Research B. Ravikumar and his co-authors. In this video, Ravikumar discusses his work and why trade barriers play such a significant role.
On the Economy
Get notified when new content is available on our On the Economy blog.
The On the Economy blog recently ranked in the top 20 on Feedspot’s list of top bank blogs.
About the Blog
The St. Louis Fed On the Economy blog features relevant commentary, analysis, research and data from our economists and other St. Louis Fed experts.
Views expressed are not necessarily those of the Federal Reserve Bank of St. Louis or of the Federal Reserve System.