As John Stuart Mill said, “he who knows only his own side of the case doesn’t know much about it. His reasons may be good, and no-one may have been able to refute them; but if he is equally unable to refute the reasons on the opposite side, and doesn’t even know what they are, he has no grounds for preferring either opinion"20.
World trade has expanded rapidly since the crisis, the  BIS central bankers’ speeches  1  volume already having reached the pre-crisis level. World trade growth is also expected to continue in the years to come, albeit at a more moderate pace than in 2010.