The Trans-Pacific Partnership, International Trade and Arithmetic Problems at the Washington Post

The Washington Post ran an editorial yesterday worrying about the end of globalization. It told readers:

"Freshly released data from the World Trade Organization and other economic forecasts show that the world is on course for its third consecutive year in which growth in global trade will be lower than overall economic growth, which is itself anemic, according to the Wall Street Journal. The last such three-year streak ended in 1985."

There are several aspects to this that are striking. Fir...