G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w23825
来源IDWorking Paper 23825
Two Great Trade Collapses: The Interwar Period & Great Recession Compared
Kevin Hjortshøj O'; Rourke
发表日期2017-09-18
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International Economics ; Trade ; History ; Other History
URLhttps://www.nber.org/papers/w23825
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581498
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Kevin Hjortshøj O',Rourke. Two Great Trade Collapses: The Interwar Period & Great Recession Compared. 2017.
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