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- W1571096698 abstract "Trade has declined massively during the crisis. This column assesses the relative roles of falling demand and rising trade costs in explaining the collapse and compares it to the Great Depression. Surprising, the increase in trade costs today is as large as in 1929, despite the absence of any modern protectionism resembling Smoot-Hawley. It appears that reviving global demand alone will be insufficient to revive world trade." @default.
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- W1571096698 date "2009-09-19" @default.
- W1571096698 modified "2023-09-27" @default.
- W1571096698 title "What's driving the trade collapse?" @default.
- W1571096698 hasPublicationYear "2009" @default.
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