Working Paper: CEPR ID: DP15331
Authors: Assaf Razin
Abstract: International trade increased rapidly after 1990, fueled by the growth of a complex network of global value chains Trade globalization reversed course since the Global Financial Crisis. The new trend is expected to endure after the Global Pandemic Crisis. There are no indication of lessening trend of financial globalization, which, except for short term reversal during the Global Financial Crisis.
Keywords: No keywords provided
JEL Codes: No JEL codes provided
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| COVID-19 pandemic (H12) | significant downturn in global trade (F69) |
| significant downturn in global trade (F69) | persistence of deglobalization trend (F69) |
| COVID-19 pandemic (H12) | disruption of supply chains (F69) |
| COVID-19 pandemic (H12) | alteration of consumer behavior (D19) |
| disruption of supply chains (F69) | contraction in demand and investment (E22) |
| COVID-19 pandemic (H12) | reshaping of globalization (F69) |
| economic fallout from pandemic (F65) | exacerbation of inequalities (I14) |