*  *  *  Assistance provided by Shri R Ravikumar is gratefully acknowledged. Good Morning! 1. At the outset, I would like to compliment CAFRAL for organizing this International Seminar on Cyber Risk and Mitigation for banks and FIs, a topic which has assumed centre stage, not only in India but globally.
I would like to thank Caroline Mehigan and Micheal O’Keeffe for their contribution to my remarks. 2. For the seminal piece see Autor et al (2013) 3. For an overview see for example: http://www.oecd.org/trade/understanding-the-global-trading-system/why-open-marketsmatter/ 4. Note that Ireland had a very free trade policy position from independence in 1921 until 1932 when protectionist policies were introduced in line with the practice elsewhere. 5.