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The Global Trade Slowdown: A New Normal

The post-Crisis decline in the growth rate of the ratio of global trade to GDP has been cause for some concern that global trade has peaked, and that we are now reaching a new normal in which trade levels will be weak in comparison to about a decade ago. Whether such a peak in trade was a defining moment in global trade or whether it is a cyclical phenomenon is one of the questions this eBook addresses.

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Hoekman, B (2015), ‘The Global Trade Slowdown: A New Normal‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Veenendaal, P, H Rojas-Romagosa, A Lejour and H Kox, ‘A value-added trade perspective on recent patterns in world trade‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Hoekman, B, ‘Trade and growth – end of an era?‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Irwin, D, ‘World trade and production: A long-run view‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Constantinescu, C, A Mattoo and M Ruta, ‘The global trade slowdown‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Boz, E, M Bussière and C Marsilli, ‘Recent slowdown in global trade: Cyclical or structural?‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Ollivaud, P and C Schwellnus, ‘Does the post-Crisis weakness of global trade solely reflect weak demand?‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Gaulier, G, G Santoni, D Taglioni and S Zignago, ‘The power of the few in determining trade accelerations and slowdowns‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Gangnes, B, A Ma and A Van Assche, ‘Global value chains and the trade-income relationship: Implications for the recent trade slowdown‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Escaith, H and S Miroudot, ‘World trade and income remain exposed to gravity‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Crozet, M, C Emlinger and S Jean, ‘On the gravity of world trade’s slowdown‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Bark, T, ‘The relationship between trade and economic growth and a slowdown of exports in Korea‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Ito, K and R Wakasugi, ‘Growth and structural change in trade: Evidence from Japan‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Thorbecke, W, ‘The global trade slowdown: Lessons from the East Asian electronics industry‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Chinn, M, ‘China’s trade flows: Some conjectures‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Pei, J, C Yang and S Yao, ‘Trade impact of China’s transition to the ‘new normal’‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Evenett, S and J Fritz (2015), ‘Crisis-era trade distortions cut LDC export growth by 5.5% per annum‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Pesce, O, S Karingi and I Gebretensaye, ‘Trade growth prospects: An African perspective‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Evenett, S and J Fritz, ‘‘Peak trade’ in the steel sector‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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Ahmed, U, B Bieron and H Melin, ‘Supporting the micro-multinationals to help achieve peak trade‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

Citation

Shehata, A, ‘Bold political leadership and vision can unlock global trade growth‘, in Hoekman, B (eds), The Global Trade Slowdown: A New Normal, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/global-trade-slowdown-new-normal

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