The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system
- Written by Peter A. Coclanis, Professor of History; Director of the Global Research Institute, University of North Carolina at Chapel Hill
Just how 'open' is the U.S. after all?Nancy Nehring/Moment via Getty ImagesGiven thespateofnews about international trade lately, Americans might be surprised to learn that the U.S. isn’t very dependent on it. Indeed, looking at trade as a percentage of gross domestic product – a metric economists sometimes call the “openness...
