Global Trade: Slowdown, Factors, and Policies

4 Pages Posted: 17 Sep 2018 Last revised: 29 Mar 2019

See all articles by Dorina Peteva Georgieva

Dorina Peteva Georgieva

World Bank

Norman Loayza

World Bank - Research Department

Fabian Mendez Ramos

Development Research Group, The World Bank

Date Written: February 1, 2018

Abstract

Growth in global trade has been slow since 2012. While global trade downturns are not unprecedented, the observed change in the relationship of trade to GDP poses the question whether the trade slowdown is a transitory deviation or a more long-lasting phenomenon brought about by structural changes. This new dynamic, coupled with the rise of protectionist policies and rhetoric in many countries, positions trade at the forefront of policy discussions. This brief reviews recent patterns in global trade, examines the factors affecting trade?distinguishing between transitory and structural components of the slowdown?and discusses policies shaping the path of future trade.

Keywords: Trade and Multilateral Issues, Trade and Services, Trade Policy, Trade Facilitation, International Trade and Trade Rules, International Economics and Trade, Transport and Trade Logistics, Trade and Regional Integration, Private Sector Development, Industrial and Consumer Services and Products, Competitiveness and Competition Policy, Marketing, Labor Markets, Private Sector Development Law, Private Sector Economics, Industry, Law and Development, Social Policy, Legal Reform, Social Development, Treaties, Economics and Institutions, Public Sector Management and Reform, Macroeconomics and Economic Growth, Public Sector Development, Regulatory Regimes, International Law, Non Governmental Organiz

Suggested Citation

Georgieva, Dorina Peteva and Loayza, Norman and Mendez Ramos, Fabian, Global Trade: Slowdown, Factors, and Policies (February 1, 2018). World Bank Research and Policy Briefs No. 123899. Available at SSRN: https://ssrn.com/abstract=3249564

Dorina Peteva Georgieva (Contact Author)

World Bank

1818 H Street, NW
Washington, DC 20433
United States

Norman Loayza

World Bank - Research Department ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Fabian Mendez Ramos

Development Research Group, The World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States
2022038490 (Phone)

HOME PAGE: http://www.worldbank.org

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