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As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current global crisis is originated from the U.S. and followed...
Persistent link: https://www.econbiz.de/10010273672
will not turn into a severe global depression. -- Great Depression ; Global Criisis ; International Trade ; Protectionism …
Persistent link: https://www.econbiz.de/10003864235
1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … similar trade collapse. However, as a western democracy with developed capital markets and institutions, Finland faced none of …
Persistent link: https://www.econbiz.de/10010268947
This paper re-examines the relationship between trade intensity and business cycle synchronization for 21 OECD … capturing specialisation, financial integration, and similarity of economic policies. We confirm that trade intensity affects … similar impact on business cycle synchronization as trade intensity. Finally, we find that the effect of trade on business …
Persistent link: https://www.econbiz.de/10010261337
their shores. A slowdown in these economies would result in considerably lower global growth transmitted through trade …
Persistent link: https://www.econbiz.de/10012824102
Over the last three years, trade tensions between the United States (US) and China have transformed a fairly open … diversify trade partners and localisation have been intensified following COVID-19-induced global supply-chain disruptions …. Continuing bilateral trade tensions between the world's largest economic powerhouse scan be expected to have significant impacts …
Persistent link: https://www.econbiz.de/10012626310
existing studies, which are mainly devoted to the impact of reduced trade flows on the key macroeconomic indicators, we focus … on the specific market of textile products, which was among the most affected by the protectionism measures. The … the ongoing trade war has not only adversely affected the macroeconomic fundamentals of the US economy, but it is also …
Persistent link: https://www.econbiz.de/10014339778
This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in …
Persistent link: https://www.econbiz.de/10010264092
available from Global Trade Alert, combined with bilateral FDI data between OECD countries and a large number of partner … specifications suggest that, depending on the empirical model, the implementation of a trade protection measure is associated with … about 40 to 80 percent lower FDI inflows. Trade protection does not appear to have any implications for the country’s FDI …
Persistent link: https://www.econbiz.de/10008904601
Domestic regulations that impede international trade have become a central concern in contemporary trade negotiations … international inefficiency. I show that the World Trade Organization's non-discrimination principle of national treatment cannot …
Persistent link: https://www.econbiz.de/10012893905