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The Economic Costs of New Protectionism Are Starting to Pile Up

Bloomberg reports one big post-pandemic theme of the 2020s has been the rolling out of economic weapons like sanctions, export controls and industrial policy in the name of geopolitics.
The Economic Costs of New Protectionism Are Starting to Pile Up
But there’s a growing body of work emerging from economists on the cost to all that. Two recent additions may give some pause to those deploying the weapons. The first comes from economists at the Federal Reserve Bank of New York who in a new research paper dive into the costs and consequences of US export controls aimed at limiting... ...

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