The content talks about the current state of global economics and trade. It mentions that despite new trends like on-shoring, re-shoring, and protectionist policies, the International Monetary Fund (IMF) has found that international trade is still strong and at the heart of the global economy. The content discusses various economic policies, new research from the IMF, and the persistence of gravity models in trade. It also explores the potential impact of populism, protectionism, and tariff wars on trade, and the possibility of nationalist trade policies emerging. The content suggests that geopolitical risk is currently not as bad as it was in the past and explores the uncertainty surrounding trade policies and their potential impact on the future. It concludes that neither trade nor trade policy will decide the fate of the world. The content includes quotes from the IMF paper and links to additional information about trade policies and historical events.
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