International leaders are grappling with an ideological and pragmatic clash over globalization, trade and their combined effects on the economic conditions of not only individual countries but also of the worldwide commercial architecture. Yet the current political and economic environment highlights a concern that has been brewing since the dawn of the 21st century: Trade volume has barely kept pace with global GDP growth since 2008. OECD economists dissect the specifics of the downdraft of worldwide trade and its consequences. getAbstract recommends this authoritative report on the critical elements of trade inertia to economists and corporate executives.
In this summary, you will learn
- Why global trade has weakened since the 2008 financial crisis,
- What economic factors have contributed to the decline and
- How policy officials can arrest the slowdown.
About the Authors
David Haugh et al. are economists at the OECD.