Global trade: slowdown, factors, and policies

Dorina Peteva Georgieva, Norman Loayza (nloayza@worldbank.org) and Fabian Mendez Ramos

No 123899, Research and Policy Briefs from The World Bank

Abstract: Growth in global trade has been slow since 2012. While global trade downturns are not unprecedented, the observed change in the relationship of trade to GDP poses the question whether the trade slowdown is a transitory deviation or a more long-lasting phenomenon brought about by structural changes. This new dynamic, coupled with the rise of protectionist policies and rhetoric in many countries, positions trade at the forefront of policy discussions. This brief reviews recent patterns in global trade, examines the factors affecting trade?distinguishing between transitory and structural components of the slowdown?and discusses policies shaping the path of future trade.

Keywords: Trade and Multilateral Issues; Trade and Services; Trade Policy; Trade Facilitation; International Trade and Trade Rules; International Economics and Trade; Transport and Trade Logistics; Trade and Regional Integration; Private Sector Development; Industrial and Consumer Services and Products; Competitiveness and Competition Policy; Marketing; Labor Markets; Private Sector Development Law; Private Sector Economics; Industry; Law and Development; Social Policy; Legal Reform; Social Development; Treaties; Economics and Institutions; Public Sector Management and Reform; Macroeconomics and Economic Growth; Public Sector Development; Regulatory Regimes; International Law; Non Governmental Organizations; Governance; Legal Products; Judicial System Reform; Legislation (search for similar items in EconPapers)
Date: 2018-02-01
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://documents.worldbank.org/curated/en/69886152 ... ors-and-policies.pdf (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: https://EconPapers.repec.org/RePEc:wbk:wbkrpb:123899

Access Statistics for this paper

More papers in Research and Policy Briefs from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi (ryazigi@worldbank.org).