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Us International Trade And The Global Economic Crisis

Author

Listed:
  • WILLIAM E. JAMES

    (Economics and Research Department, Asian Development Bank, Manila, Philippines 1550, Philippines)

Abstract

The decline in world trade volume in 2009 was the worst since the Great Depression. The United States (US) spread the global recession as a major source of external demand. US import and export data are examined to understand the repercussions, particularly for developing economies divided into preferential and non-preferential trading partners. A key finding is that US trade with preferential partners contracted faster than with non-preferential partners. Case studies of autos and textiles provide insights. A new global trade deal may be the way forward as the US will have to expand net exports to restore growth.

Suggested Citation

  • William E. James, 2010. "Us International Trade And The Global Economic Crisis," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 183-225.
    • Handle: RePEc:wsi:jicepx:v:01:y:2010:i:02:n:s1793993310000123
    DOI: 10.1142/S1793993310000123
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Asia; autos; textiles; Free Trade Agreements; North American Free Trade Agreement (NAFTA); United States; F1; F2; L6;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

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