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Global trade : slowdown, factors, and policies

Author

Listed:
  • Georgieva,Dorina Peteva
  • Loayza,Norman V.
  • Mendez Ramos,Fabian

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.

Suggested Citation

  • Georgieva,Dorina Peteva & Loayza,Norman V. & Mendez Ramos,Fabian, 2018. "Global trade : slowdown, factors, and policies," Research and Policy Briefs 123899, The World Bank.
    • Handle: RePEc:wbk:wbkrpb:123899
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    File URL: http://documents.worldbank.org/curated/en/698861520277541852/pdf/Global-trade-slowdown-factors-and-policies.pdf
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    Cited by:

    1. Santeramo, Fabio Gaetano & Lamonaca, Emilia, 2023. "Exports of Fruits and Vegetables to the EU: policy recommendations," MPRA Paper 118000, University Library of Munich, Germany.
    2. Owusu, Solomon, 2021. "Powering structural transformation and productivity gains in Africa: The role of global value chains and resource endowments," MERIT Working Papers 2021-022, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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