Following the failure of Lehman Brothers in September 2008, international trade in goods collapsed by 30%. This dramatic collapse was highly synchronised across countries and mostly concentrated in the category of durable goods (Baldwin 2009). Surprisingly, international trade in services barely reacted to the crisis.
Crisis-proof services: Why trade in services did not suffer during the 2008-09 collapse
Andrea Ariu, 24 December 2013
Are services traded differently?
Andrea Ariu, 23 December 2012
International trade is traditionally thought of as goods crossing borders. Trade in services, however, is becoming increasingly important for high-income countries and its role is likely to grow substantially over the next years (Francois and Hoekman 2010).
Trade in services and goods differ along several critical dimensions (WTO 2010).
Services trade, the IT revolution, and occupational tasks
Giordano Mion, Andrea Ariu, 25 February 2012
Lowering trade costs in services markets: The final frontier?
Sébastien Miroudot, Jehan Sauvage, Ben Shepherd, 17 January 2011
Nearly two-thirds of all economic activity in the G20 – and over three-quarters in France, the US, and the UK – is made up of services. So it is striking that while goods exports account for nearly 20% of the G20’s combined GDP, the corresponding figure for services is less than 5%.
Trade in services under the Euro-Mediterranean partnership: An alternative to migration?
Bernard Hoekman, Çağlar Özden, 2 January 2011
Recently released data show that the US population has increased 9.7% since 2000, reaching almost 309 million (US 2010 Census). While low by US standards, this growth rate far exceeds European rates. Europe is facing a demographic dilemma. Low fertility rates and increased life expectancy mean that labour forces are shrinking as dependency ratios are rising.
International trade in services: A portrait of importers and exporters
Holger Breinlich, Chiara Criscuolo, 2 July 2010
Trade in services has been the fastest growing component of international trade since the early 1990s, with average annual growth rates of close to 10% and a total cross-border export value of $2,800 billion in 2006 (WTO 2008).
Services trade – The collapse that wasn’t
Aaditya Mattoo, Ingo Borchert, 27 November 2009
The gloom and doom about goods trade has obscured the quiet resilience of services trade. Services account for over one-fifth of global cross-border trade; for countries such as India and the US, it is close to one-third of all exports.
Summer Programme on the WTO, International Trade and Development 2010
28 June - 9 July 2010, Geneva
The fourth Summer Programme on the WTO, International Trade and Development will take place from June 28 to July 9, 2010 in Geneva. It will provide participants with a unique opportunity to enter into the analysis and atmosphere of multilateral trade. The programme, delivered with the Graduate Institute Centre for Trade and Economic Integration, combines economic, legal and political analysis of international trade and development.
Lectures and discussions will shed light on the following questions: the reasons why countries open their economies to trade and the reasons why they protect domestic industries, the means and pathways they use to either open or protect, what these considerations mean for the multilateral trading system and their implications for economic development.
- Professionals keen to improve their knowledge on current major issues in international trade
- Students at MA level
Deadline for Applications
April 1, 2010
- Bénédicte Gilbert
- Closed attendance
- The Graduate Institute of International and Development Studies
- More information:
Disclaimer: Vox is not responsible for the accuracy of this information.
- Development, Global economy, International trade
- Agriculture Trade, Dispute Resolution, dispute settlement, Graduate Institute, Manufactures Trade, NAMA, regionalism, Summer Programs, trade in services, Training on Trade, World Trade Organization, World Trading System, WTO, WTO and Market Access
Procurement that pays: Foreign outsourcing, innovation, and profit dynamics
Holger Görg, Aoife Hanley, 7 September 2009
Outsourcing is an emotive issue. It is an issue on which elections are fought. Consider US President Barack Obama’s fixation on outsourcing in the run up to the November election and the subsequent changes to the US tax system designed to retain US jobs.
How many jobs are onshorable? Re-interpreting the Blinder numbers in the light of new trade theory
Richard Baldwin, 15 June 2009
Before the global crisis hit, offshoring was one of the scarcest things on rich nations’ economic radar screens – especially the offshoring of “good” service sector jobs.
- Internationalisation, innovation, and productivity of firmsAltomonte, Aquilante, Békés, Ottaviano
- How rich nations benefit from EU membershipCampos, Coricelli, Moretti
- Predicting economic turning pointsAhir, Loungani
- The ECB should do QE via forex interventionFrankel
- The chartbook of economic inequalityAtkinson, Morelli
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Claessens, 18 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi
- The 13th Annual GEP Postgraduate Conference 20141 - 2 May 2014 / Nottingham / Sponsored by Nottingham Centre for Research on Globalisation and Economic Policy (GEP) University of Nottingham, United Kingdom
- Exchange Rates and External Adjustment2 - 3 June 2014 / Zurich / Swiss National Bank
- 13th Summer School in International Development Economics: Investment, Saving and Wellbeing in Developing Countries10 - 13 June 2014 / Palazzo Feltrinelli, Gargnano, Lake Garda (Italy) / Organisers: Centro Studi Luca d’Agliano, Centre for Economic Policy Research (CEPR), Paolo Baffi Center on International Markets, Money and Regulation, Department of Economics, Management and Quantitative Methods of the University of Milan, Department of Economics, Quantitative Methods and Business Strategies of the University of Milan Bicocca, Vilfredo Pareto Doctoral Program in Economics of the University of Turin, The Lombardy Advanced School of Economic Research (LASER).
- 3rd WB-BE Research Conference: Financing growth: Levers, Boosters and Brakes23 - 24 June 2014 / Banco de España headquarters in Madrid / This conference is sponsored by Banco de España and The World Bank