Demystifying the collapse in trade
http://www.voxeu.org/index.php?q=node/3731
It is useful when looking at trade figures collapsing so catastrophically on a global basis to understand the part played in this by the effects of fragmented production arising from globalization.
The benefit is that when the tap is turned on again, the leveraging effects of the elasticity of real world trade to real world income will work in our favour.
ONQ.
http://www.voxeu.org/index.php?q=node/3731
It is useful when looking at trade figures collapsing so catastrophically on a global basis to understand the part played in this by the effects of fragmented production arising from globalization.
The benefit is that when the tap is turned on again, the leveraging effects of the elasticity of real world trade to real world income will work in our favour.
ONQ.