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Maybe a local maximum, but the long-run trend of increasing trade will continue at some point.
Specialization and division of labor require trade.
I'm on the same page with that. But the thing that's got me thinking is, if countries are leaning towards doing their own thing more, because of tariffs and stuff, then maybe global trade's reaching its peak. Another key thing to look at here is the population numbers, 'cause in Europe it seems to be stuck or even shrinking. Guess we'll just have to wait and see!
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Ultimately, whoever most embraces specialization and division of labor will be the most prosperous. Others will follow their example.
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