Some economic historic perspectives on the 2009 world trade collapse

Peter Bergeijk

No 476, ISS Working Papers - General Series from International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague

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.

Keywords: depression; financial crisis; import crunch; trade and conflict; world trade (search for similar items in EconPapers)
JEL-codes: F01 F10 G01 (search for similar items in EconPapers)
Date: 2009-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:ems:euriss:18717

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