Abstract
The paper puts the collapse of the world trade volume in 2009 into two
historic perspectives. First, the paper analyses 18 major post-1980/pre-2007
financial crises and uses these observations as a basis to critically evaluate
presently available projections for world trade. Second, the paper takes into
account the developments in the world's trade volume and openness since
1880. Next to the direct impact of the present financial crisis on trade,
potential second order effects on economic growth and international political
relations are identified
historic perspectives. First, the paper analyses 18 major post-1980/pre-2007
financial crises and uses these observations as a basis to critically evaluate
presently available projections for world trade. Second, the paper takes into
account the developments in the world's trade volume and openness since
1880. Next to the direct impact of the present financial crisis on trade,
potential second order effects on economic growth and international political
relations are identified
Original language | English |
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Place of Publication | The Hague |
Publisher | International Institute of Social Studies (ISS) |
Number of pages | 17 |
Publication status | Published - Aug 2009 |
Externally published | Yes |
Publication series
Series | ISS working paper series. General series |
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Volume | 476 |
Bibliographical note
JEL classification F01, F10, G01Series
- ISS Working Paper-General Series