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Comparative Advantage and Openness under Global Fragmentation: Lessons from the Past 65 Years

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NBER2026-05-01 更新2026-05-30 收录
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This paper asks why openness has been such a strong catalyst for catch-up growth in some regions or countries, while in others openness has been followed by stalled convergence, divergence, or stagnation. We conclude that openness in todays geoeconomically fragmented world is much more than trade

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2026-05-01
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