In this article for Mint, Niranjan Rajadhyaksha, Executive Director, Artha Global, discusses how looking back at the 1930’s may help us predict the effects of the ongoing trade war and the shift from multilateral to bilateral trade deals. At the time, the world saw a system in which trade blocs were formed, with countries within them facing negligible tariffs, and high tariffs imposed on countries outside the bloc.

Read the full article here.

Image sourced from Mint.