Borderless Trade Boosts EU Economy, Lifting Millions Out of Poverty
The article looks at trade barriers in different industries. They created a way to measure how well industries trade with each other, considering factors like transportation costs and trade policies. They found that some industries have more barriers than others. Countries that didn't join the Euro or keep border controls had lower trade integration. Lowering trade barriers led to a big increase in trade between European Union countries from 1999 to 2003.