Cindy Ponder-Budd

In this episode of Trade Talks, Soumaya Keynes of The Economist and Expert Guest Chad Bown talk with Professor Claudia Steinwender (Massachusetts Institute of Technology) about her research on the impact of the trans-Atlantic telegraph on trade. New information through the telegraph affected 1860s cotton price differences between New York and Liverpool, export volumes, and volatility. This example, provides insight into how today’s information and communications technology revolution can impact the efficiency of trade.


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