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Increased Trade: A Key to Improving Productivity

Author

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  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Zhiyao Lu

    (Peterson Institute for International Economics)

Abstract

Global trade growth slowed abruptly after 2010, following decades of expansion. According to the World Trade Organization (WTO), 2015 marked the fourth consecutive year in which annual world merchandise trade growth stayed below 3 percent. The WTO forecasts growth in global trade volume to remain sluggish in 2016, at 2.8 percent. A variety of reasons have been cited for the decelerating growth of trade: sluggish world economy, shorter supply chains, absence of new liberalization on a global scale, and rise of microprotectionism.

Suggested Citation

  • Gary Clyde Hufbauer & Zhiyao Lu, 2016. "Increased Trade: A Key to Improving Productivity," Policy Briefs PB16-15, Peterson Institute for International Economics.
  • Handle: RePEc:iie:pbrief:pb16-15
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    File URL: https://www.piie.com/publications/policy-briefs/increased-trade-key-improving-productivity
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    Cited by:

    1. Reto Föllmi & Angela Fuest & Philipp an de Meulen & Martin Micheli & Torsten Schmidt & Lina Zwick, 2018. "Openness and productivity of the Swiss economy," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 154(1), pages 1-21, December.

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