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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Stefan Legge, Lecturer and Postdoctoral Researcher in Economics, University of St.Gallen, & Piotr Lukaszuk, Director for Data Forensics, St.Gallen Endowment for Prosperity through Trade

  • Destabilizing world events, including COVID-19 and the Suez Canal blockage, have exposed international trade’s vulnerabilities.
  • Several prominent analysts and commentators are predicting trade will become less globalized and more regional.
  • We examined merchandise trade data between 1815-2021 to test this hypothesis.

International trade is a key source of economic prosperity. That is why policymakers, economists and business leaders alike are concerned by recent developments. The COVID-19 crisis, as well as the Suez Canal blockage, add to a series of troubling events: rising protectionism and…

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