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9min chapter
The global economy 'at a crossroads' ahead of Davos: Chief Economists Outlook
World Economic Forum
Understanding GDP and International Trade
This chapter explores the role of Gross Domestic Product (GDP) as a vital yet flawed measure of a nation's economic health and its correlation with various socio-economic factors. It discusses the complexities of international trade, its impact on poverty reduction, and the misconceptions surrounding employment effects, while emphasizing the importance of domestic policies in managing trade-related disruptions.
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Discover
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