ГЛОБАЛНА ТРГОВИНСКА НЕРАВНОТЕЖА
И ЕКОНОМСКА КРИЗА
GLOBAL TRADE IMBALANCE AND ECONOMIC CRISIS
Author(s): Branislav M. Pelević, Vladimir VučkovićSubject(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.
Journal: Зборник Матице српске за друштвене науке
- Issue Year: 2011
- Issue No: 137
- Page Range: 443-454
- Page Count: 12
- Language: Serbian
