Economics at your fingertips  

Global Crisis and International Trade: Prospects for 2010

Claudia Dobre () and Sorici Costin ()
Additional contact information
Sorici Costin: “Ovidius” University of Constanta, Faculty of Economic Sciences,

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 176-182

Abstract: Towards the end of 2008 the global crisis initiated to manifest itself in international trade. In this paper we show that the slump in global demand and the slowing-down in economic growth translated into a substantial reduction in international trade that has affected the cross-border trade of virtually all countries and economic sectors. Adittionally, we focus on the reasons why trade declined so steeply, with 12% in 2009. The emerging consensus is that the great trade collapse was mostly a demand shock – although supply side factors played some role. Finally, we observ that after a challenging two years in which the global economy endured the worst recession since the Second World War, recovery is now unambiguously underway.

Keywords: integration effects; trade; single market; Europe Union (search for similar items in EconPapers)
JEL-codes: D10 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().

Page updated 2023-06-15
Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:176-182