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Two great trade collapses: the interwar period and great recession compared

Abstract:

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 t...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted Manuscript

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Publisher copy:
10.1057/s41308-017-0046-0

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Institution:
University of Oxford
Division:
Humanities Division
Department:
History Faculty
Oxford college:
All Souls College
Role:
Author
Publisher:
Palgrave Macmillan UK Publisher's website
Journal:
IMF Economic Review Journal website
Volume:
66
Issue:
3
Pages:
418–439
Publication date:
2018-01-18
Acceptance date:
2017-09-07
DOI:
EISSN:
2041-417X
ISSN:
2041-4161
Pubs id:
pubs:820631
URN:
uri:7f768236-2b70-4ee7-9cfb-516ae98fda8d
UUID:
uuid:7f768236-2b70-4ee7-9cfb-516ae98fda8d
Local pid:
pubs:820631

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