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Simon J. Evenett | 23 Mar 2020
The past fortnight has witnessed a sharp increase in zero-sum, unilateral trade policy acts as governments scramble for medical supplies and equipment. During a pandemic, such zero-sum behaviour risks inflicting an unconscionable human toll, as a case study on medical ventilators in this note makes clear. Rather than dwell exclusively on negative developments in this note, the case is also made for a bottom-up, cooperative trade policy initiative in which governments working together can exploit scale and ensure that trade policy does not diminish the payoff from public health interventions.
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Click here to read the ICC United Kingdom/GCD 2023 update to the ICC/GCD 2022 Performance Guarantees Paper
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ICC International Trade & Prosperity Week took place from 17 - 20 October 2022. Read the key takeaways here
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