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Some economic historic perspectives on the 2009 world trade collapse

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  • van Bergeijk, P.A.G.

Abstract

The paper puts the collapse of the world trade volume in 2009 into two historic perspectives. First, the paper analyses 18 major post-1980 / pre-2007 financial crises and uses these observations as a basis to critically evaluate presently available projections for world trade. Second, the paper takes into account the developments in the world's trade volume and openness since 1880. Next to the direct impact of the present financial crisis on trade, potential second order effects on economic growth and international political relations are identified.

Suggested Citation

  • van Bergeijk, P.A.G., 2009. "Some economic historic perspectives on the 2009 world trade collapse," ISS Working Papers - General Series 476, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    • Handle: RePEc:ems:euriss:18717
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    References listed on IDEAS

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    More about this item

    Keywords

    depression; financial crisis; import crunch; trade and conflict; world trade;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F10 - International Economics - - Trade - - - General
    • G01 - Financial Economics - - General - - - Financial Crises

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