Edited by Richard Baldwin
Published 27 November 2009
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Introduction: The great trade collapse: what caused it and what does it mean?
Richard Baldwin
SECTION I: CAPSTONE ESSAYS
1.The dollar and the budget deficit
C. Fred Bergsten
2. Prospects for the global trading system
Anne O. Krueger
3. Global trade in the aftermath of the global crisis
Jeffry Frieden
4. Government policies and the collapse in trade during the Great Depression
Kevin H. O’Rourke
5. Crisis-era protectionism one year after the Washington G20 meeting
Simon J. Evenett
6. The great trade collapse and trade imbalances
Richard Baldwin and Daria Taglioni
SECTION II: CAUSES OF THE CRISIS
7. The trade response to global downturns
Caroline Freund
8. The collapse of US trade: in search of the smoking gun
Andrei A. Levchenko, Logan T. Lewis and Linda L. Tesar
9. The collapse of global trade: update on the role of vertical linkages
Rudolfs Bems, Robert C. Johnson and Kei-Mu Yi
10. Follow the bouncing ball – trade and the great recession redux
Joseph F. Francois and Julia Woerz
11. Resilient to the crisis? Global supply chains and trade flows
Carlo Altomonte and Gianmarco I.P. Ottaviano
12. The Great Synchronisation: tracking the trade collapse with high-frequency data
Joaquim Oliveira Martins and Sónia Araújo
13. Banking crises and exports: lessons from the past for the recent trade collapse
Leonardo Iacovone and Veronika Zavacka
14. Did trade credit problems deepen the great trade collapse?
Jesse Mora and William Powers
15. US trade margins during the 2008 crisis
Peter K. Schott
16. French exporters and the global crisis
Lionel Fontagné and Guillaume Gaulier
17. Services trade – the collapse that wasn’t
Ingo Borchert and Aaditya Mattoo
18. The role of trade costs in the great trade collapse
David S. Jacks, Christopher M. Meissner and Dennis Novy
Section III: REGION AND COUNTRY EXPERIENCES
19. Transmission of the global recession through US trade
Michael J. Ferrantino and Aimee Larsen
20. Africa and the trade crisis
Peter Draper and Gilberto Biacuana
21. Africa, the trade crisis and WTO negotiations
Tonia Kandiero and Léonce Ndikumana
22. Trade collapse and international supply chains: Japanese evidence
Kiyoyasu Tanaka
23. Why was Japan’s trade hit so much harder?
Ryuhei Wakasugi
24. The Great Recession and India’s trade collapse
Rajiv Kumar and Dony Alex
25. Mexico and the great trade collapse
Raymond Robertson
