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World Economic Overview

Author

Listed:
  • Michel Fouquin
  • Houssein Guimbard
  • Colette Herzog
  • Deniz Ünal

Abstract

This World Economic Overview highlights the main changes in the world economy in the long run and how nations took part in it. Trends over some forty years are featured in the overview : from 1960 to 2012 for GDP, and from 1967 to 2009 for international trade in goods and services. The first part of the overview is dedicated to changes in the world ranking of economic and population weights as well as in the one of nations development levels. The second part describes trade flows. It sets out the growing share of trade in goods and services in the world production along with trade balances and imbalances across nations. Trade in goods and services, reflecting and explaining global and national transformations, is observed in detail. On one side through the product structure evolution, on the other side through the changes in geographical breakdowns. In the third part, specialization indicators – in terms of comparative advantages – are presented for about twenty major countries. This overview has been carried out from the CHELEM database (Harmonized Accounts on the World Economy).https://chelem.bvdep.com Références: Base de données CHELEM-BAL du CEPII, Document de travail n° 2006-08, mars 2006 Base de données CHELEM-Commerce International, Document de travail n° 2008-09, Juin 2008

Suggested Citation

  • Michel Fouquin & Houssein Guimbard & Colette Herzog & Deniz Ünal, 2012. "World Economic Overview," Panorama du CEPII, CEPII research center, issue 2.
    • Handle: RePEc:cii:cepipa:2012-02
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    File URL: http://www.cepii.fr/PDF_PUB/panorama/2012/pa2012-02.pdf
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    More about this item

    Keywords

    World economy;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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