Note that all this counts only the so-called static gains from trade: the effects of a once-and-for-all shift in the pattern of production and consumption.

ECONOMIST: Profits over people

Trade allows a country to shift its pattern of production in such a way that, after exporting those goods it does not want and importing those it does, it can consume more without there having been any increase in its available resources.

ECONOMIST: Profits over people

That's partly because the pattern of increased production is not going to feed through until the later of the six years covered in the bulletin.

BBC: Scottish independence: 'A tilt to the upside'