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Daniel Cloud teaches philosophy at Princeton University, and is a founding partner of two hedge funds, Firebird Fund Management and Quantrarian Capital Management.
From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks.
