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Global Trade: Breaking Down the Walls

How is global trade impacted by global tensions?

Sanctions and counter sanctions currently taint trade developments between Russia and the EU and US (van Bergeijk 2014). This evokes memories of the Cold War that had a very substantial impact on East West trade in the 1950s and up to the 1990s. The East’s Council for Mutual Economical Assistance (COMECON) was created in response […]