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J. Julián Cubero

15 Mar 2016

Global trade is not at its best amid moderate economic growth and uncertainty in emerging economies – the drivers behind trade momentum prior to the 2007-2009 crisis. There has been a slowdown in the international exchange of goods and services since the middle of the last decade, making it seem like there are other factors behind recent years’ cyclical weakness. There could be technological reasons, since falling transportation costs from “containerization” have slowed, or from China reorienting its economy toward domestic demand and services instead of acting as the world’s assembler.

03 Mar 2016