GLOBAL TRADE IMBALANCE AND ECONOMIC CRISIS Cover Image

ГЛОБАЛНА ТРГОВИНСКА НЕРАВНОТЕЖА И ЕКОНОМСКА КРИЗА
GLOBAL TRADE IMBALANCE AND ECONOMIC CRISIS

Author(s): Branislav M. Pelević, Vladimir Vučković
Subject(s): Economy, Supranational / Global Economy, International relations/trade
Published by: Матица српска
Keywords: economic crisis; global imbalances; international trade; exports elasticity; international supply chains; protectionism;

Summary/Abstract: Global trade imbalance is one of the factors of the ongoing economic crisis. Dependence of Western countries on capital from Asian countries created a supply of innovative financial instruments, which drawn the world into financial and economic crisis. After the crisis, international trade collapsed, with some specific features: trade declined faster than production, trade in equipment and durable consumer products plunged, international supply chains suffered. Future challenges are related to possible protectionism and wrong approaches for global rebalancing.

  • Issue Year: 2011
  • Issue No: 137
  • Page Range: 443-454
  • Page Count: 12
  • Language: Serbian