The Great Trade Collapse: Causes, Consequences and Prospects
Author : Richard E. Baldwin
Publisher : CEPR
Page : 246 pages
File Size : 40,12 MB
Release : 2009
Category : Commercial policy
ISBN : 1907142061
The Collapse of Global Trade, Murky Protectionism, and the Crisis
Author : Richard E. Baldwin
Publisher :
Page : 112 pages
File Size : 45,87 MB
Release : 2011-03
Category : Business & Economics
ISBN : 9781907142239
Book Description
The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.
The Global Trade Slowdown
Author : Cristina Constantinescu
Publisher : International Monetary Fund
Page : 44 pages
File Size : 21,42 MB
Release : 2015-01-21
Category : Business & Economics
ISBN : 1498399134
Book Description
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.
Estimating Trade Elasticities
Author : Jaime Marquez
Publisher : Springer Science & Business Media
Page : 147 pages
File Size : 20,48 MB
Release : 2013-03-14
Category : Business & Economics
ISBN : 1475735367
Book Description
One cannot exaggerate the importance of estimating how international trade responds to changes in income and prices. But there is a tension between whether one should use models that fit the data but that contradict certain aspects of the underlying theory or models that fit the theory but contradict certain aspects of the data. The essays in Estimating Trade Elasticities book offer one practical approach to deal with this tension. The analysis starts with the practical implications of optimising behaviour for estimation and it follows with a re-examination of the puzzling income elasticity for US imports that three decades of studies have not resolved. The analysis then turns to the study of the role of income and prices in determining the expansion in Asian trade, a study largely neglected in fifty years of research. With the new estimates of trade elasticities, the book examines how they assist in restoring the consistency between elasticity estimates and the world trade identity.
Crashed
Author : Adam Tooze
Publisher : Penguin
Page : 460 pages
File Size : 21,20 MB
Release : 2018-08-07
Category : Business & Economics
ISBN : 0525558802
Book Description
WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.
The Great Recession and Import Protection
Author : Chad P. Bown
Publisher : Centre for Economic Policy Research
Page : 469 pages
File Size : 26,49 MB
Release : 2011
Category : Business & Economics
ISBN : 9781907142383
Book Description
This volume provides empirical details of how the import protection landscape changed alongside the events of the 2008-9 economic crisis.
The Great Crash, 1929
Author : John Kenneth Galbraith
Publisher :
Page : 248 pages
File Size : 21,79 MB
Release : 1961
Category : Depressions
ISBN :
Book Description
John Kenneth Galbraith's classic study of the Wall Street Crash of 1929.
Crash Proof 2.0
Author : Peter D. Schiff
Publisher : John Wiley & Sons
Page : 386 pages
File Size : 12,5 MB
Release : 2011-11-08
Category : Business & Economics
ISBN : 1118281683
Book Description
A fully updated follow-up to Peter Schiff's bestselling financial survival guide-Crash Proof, which described the economy as a house of cards on the verge of collapse, with over 80 pages of new material The economic and monetary disaster which seasoned prognosticator Peter Schiff predicted is no longer hypothetical-it is here today. And nobody understands what to do in this situation better than the man who saw it coming. For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; and a declining dollar. Crash Proof 2.0 picks up right where the first edition-a bestselling book that predicted the current market mayhem-left off. This timely guide takes into account the dramatic economic shifts that are reshaping the world and provides you with the insights and information to navigate the dangerous terrain. Throughout the book, Schiff explains the factors that will affect your future financial stability and offers a specific three step plan to battle the current economic downturn. Discusses the measures you can take to protect yourself-as well as profit-during these difficult times Offers an insightful examination of the structural weaknesses underlying the economic meltdown Outlines a plan that will allow you to preserve wealth and protect the purchasing power of your savings Filled with in-depth insights and expert advice, Crash Proof 2.0 will help you survive and thrive during the coming years of economic uncertainty.
The Mysterious Collapse of World Trade Center 7
Author : David Ray Griffin
Publisher : Interlink Publishing
Page : 389 pages
File Size : 13,37 MB
Release : 2012-12-30
Category : History
ISBN : 162371026X
Book Description
At 5:20 in the afternoon on 9/11, Building 7 of the World Trade Center collapsed, even though it had not been struck by a plane and had fires on only a few floors. The reason for its collapse was considered a mystery. In August 2008, NIST (the National Institute of Standards and Technology) issued its report on WTC 7, declaring that "the reason for the collapse of World Trade Center 7 is no longer a mystery" and that “science is really behind what we have said.” Showing that neither of these claims is true, David Ray Griffin demonstrates that NIST is guilty of the most serious types of scientific fraud: fabricating, falsifying, and ignoring evidence. He also shows that NIST’s report left intact the central mystery: How could a building damaged by fire—not explosives—have come down in free fall?
The Great Rebalancing
Author : Michael Pettis
Publisher : Princeton University Press
Page : 257 pages
File Size : 24,52 MB
Release : 2014-10-26
Category : Business & Economics
ISBN : 1400852269
Book Description
How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.
