How Globalized Really is European Trade?
AbstractAbstract Using a new set of measures of concentration of trade, I suggest that the opening up of trade to date has been greatly exaggerated. At least judging on the basis of trade concentration, agriculture and service sectors should barely be seen as globalized at all. Contrary to other, recent studies, Europe's main economies lag behind the USA in terms of global openness, and most are behind Japan, Canada and China. The Balkans, Poland and the Czech Republic are near the bottom end of the global openness league table. Since there is a strong correlation between concentration of trade and poor economic performance, this should be of concern to those countries and to the EU.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Spatial Economic Analysis.
Volume (Year): 2 (2007)
Issue (Month): 3 ()
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Other versions of this item:
- F10 - International Economics - - Trade - - - General
- F15 - International Economics - - Trade - - - Economic Integration
- C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
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