| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12286 |
| DP12286 Two Great Trade Collapses: The Interwar Period & Great Recession Compared | |
| Kevin O'Rourke | |
| 发表日期 | 2017-09-09 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | In this paper, I offer some preliminary comparisons between the trade collapses of the Great Depression and Great Recession. The commodity composition of the two trade collapses was quite similar, but the latter collapse was much sharper due to the spread of manufacturing across the globe during the intervening period. The increasing importance of manufacturing also meant that the trade collapse was more geographically balanced in the later episode. Protectionism was much more severe during the 1930s than after 2008, and in the UK case at least helped to skew the direction of trade away from multilateralism and towards Empire. This had dangerous political consequences. |
| 主题 | Economic History ; International Trade and Regional Economics |
| 关键词 | Trade collapse Great recession Great depression Protectionism |
| URL | https://cepr.org/publications/dp12286 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541097 |
| 推荐引用方式 GB/T 7714 | Kevin O'Rourke. DP12286 Two Great Trade Collapses: The Interwar Period & Great Recession Compared. 2017. |
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