Global Trade Liberalization Yields Bigger Economic Gains than Regional Blocs
The article talks about how countries making trade easier with each other can bring good changes. They looked at how world trade getting less restricted and regions forming agreements for more open trade can impact the economy. They found that opening up global trade can give more benefits than having many smaller regional trade deals. So, even though countries joining hands in regional agreements is gaining importance, cutting global trade restrictions can bring more good stuff for the economy, like helping farmers too.