Fed-Bank of Korea Study Refutes QE Pain Claim: Cutting Research

Research from Bain & Company, the World Economic Forum, and the World Bank has concluded that "Global GDP and exports could increase by a combined $4.2 trillion if countries removed just two supply chain hurdles." This is in contrast to removing tariffs entirely, which would only "increase GDP and exports by $1.5 trillion." These findings conclude that "the biggest deterrents to trade are physical, administrative and informal obstructions to the movement of goods." The report suggests, "the two key parts of the supply chain governments should try to improve are border administration and transportation and communications infrastructure."