The global economic crisis sent world trade volume and world production into retreat and threatened a second Great Depression. There has emerged a consensus that global imbalances – fundamentally reflected in the over-reliance upon the United States (US) consumer market – that built up over...

World trade volume is in retreat for the first time in more than two decades and the contraction is on a scale not seen since the global recession following the second oil shock of 1979–1980. The United States (US) is at the epicenter of the crisis and is a major source of external demand for...

This paper examines the structure and direction of developing Asia's trade over the past two decades. The impacts on developing Asia of the economic slowdown in 2009-2010 in high-income countries of the Organization for Economic Cooperation and Development (OECD), which includes the European...