Impact of the Global Economic Crisis on International Trade

Sabina Kolesa
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Sabina Kolesa: Ministry of Foreign Affairs, Slovenia

Management, 2010, vol. 5, issue 3, 211-224

Abstract: The world economy is facing a global crisis that spilled over from the financial sector to the real economy in the last quarter of 2008. The crisis led to falls in industrial production and foreign direct investments as well as to a sharp decrease in international trade volume. The article will focus on the reasons for the decrease of global trade, analyze the change of external trade policies (implementation of protectionist measures), also in comparison with the 1930s and 1970s crisis, and related activities of international organisations: World Trade Organisation (WTO), Organisation for Economic Cooperation and Development (OECD), International Monetary Fund (IMF),World bank (WB) and European Commission (EC).

Keywords: global crisis; external trade policy; protectionist measures (search for similar items in EconPapers)
Date: 2010
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http://www.fm-kp.si/zalozba/ISSN/1854-4231/5_297-299.pdf abstract in English (application/pdf)

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