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Impact of the Global Economic Crisis on International Trade

Author

Listed:
  • Sabina Kolesa

    (Ministry of Foreign Affairs, Slovenia)

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).

Suggested Citation

  • Sabina Kolesa, 2010. "Impact of the Global Economic Crisis on International Trade," Management, University of Primorska, Faculty of Management Koper, vol. 5(3), pages 211-224.
    • Handle: RePEc:mgt:youmng:v:5:y:2010:i:3:p:211-224
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1854-4231/5_211-224.pdf
    File Function: full text in Slovene
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1854-4231/5_297-299.pdf
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