Footnote:
In: Economisch Statistische Berichten, Vol. 94, No. 4559, pp. 269-70, May 1, 2009
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 24, 2009 erstellt
Description:
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