The post-Crisis decline in the growth rate of the ratio of global trade to GDP has been cause for some concern that global trade has peaked, and that we are now reaching a new normal in which trade levels will be weak in comparison to about a decade ago. Whether such a peak in trade was a defining moment in global trade or whether it is a cyclical phenomenon is one of the questions this eBook addresses.
The Global Crisis resulted in many trade barriers and distortions. This new eBook argues that least developed countries were hard hit by these barriers. Drawing on Global Trade Alert data, it argues that these barriers reduced these nations’ exports by 30% during the period 2009 to 2013 – over a quarter of a trillion US dollars in total.
Macroeconomics: A European Text, by Michael Burda and Charles Wyplosz, is an excellent example of ‘keeping it real’ by linking economics to real events. But examples in textbooks on a two- or three-year publication cycle become rapidly outdated. Students taking this year’s economics course may not have been reading newspapers two years ago. This Vox Course Companion tries to bridge this gap by providing up-to-date columns that illustrate the issues addressed in the Burda-Wyplosz text.
This report, the first in the Monitoring the Eurozone series, addresses the measures Eurozone countries need to take to guard against returning financial instability that could threaten a sustainable recovery. The authors consider stock operations, lending structures and regulatory changes in protecting sovereign debt on a national and Europe-wide level.
Apparently a number of assumptions have been made in Brussels and Washington DC about how the rest of the world will react to the successful conclusion of a Transatlantic Trade and Investment Partnership (TTIP). Many of the contributions to this new eBook identify alternatives for third countries that do not involve throwing themselves at the mercy of US and European trade negotiators. TTIP may not trigger the chain reaction that its advocates seek.