Meena Thiruvengadam reports:
The head of the World Trade Organization is fighting back against the perception that trade has been a major driver of the world’s economic woes.
“At worst, trade has been a mechanism of transmission but surely not the cause of collapse in demand,” WTO Director-General Pascal Lamy said Friday at the Peterson Institute for International Economics.
Who has claimed that “trade has been a major driver of the world’s economic woes”? I haven’t seen anyone say that.