The value of world trade is falling. This column, which introduces the 18th Global Trade Alert report, shows that the manufactures that account for a large share of the fall are those where G20 nations have imposed the most trade restrictions since 2014. G20 leaders should request that the Chinese G20 Presidency support initiatives to revive global trade and avoid more trade distortions.
Simon J Evenett, Johannes Fritz, Thursday, November 12, 2015 - 00:00
Emine Boz, Matthieu Bussière, Clément Marsilli, Wednesday, November 12, 2014 - 00:00
Michael J Ferrantino, Daria Taglioni, Sunday, April 6, 2014 - 00:00
Recent growth in trade has decelerated significantly since its sharp recovery in 2010. This column discusses the role of global value chains in international trade and their contribution to the trade slowdown. Trade in complex products organised by global value chains, in particular motor vehicles, has been more sensitive to global downturn than has trade in simple products. Thus, either focusing on simpler products less dependent on global value chains, or diversifying the export folios, could be useful in reducing the risk of a slowdown in global merchandise.