ГЛОБАЛНА ТРГОВИНСКА НЕРАВНОТЕЖА И ЕКОНОМСКА КРИЗА

Global trade imbalance is one of the factors of the ongoing economic crisis. Dependence of Western countries on capital from Asian countries created a supply of innovative financial instruments, which drawn the world into financial and economic crisis. After the crisis, international trade collapsed...

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Bibliographic Details
Published inZbornik Matice srpske za društvene nauke no. 137; pp. 443 - 454
Main Authors Pelević, Branislav M, Vučković, Vladimir
Format Journal Article
LanguageSerbian
Published Matica srpska 2011
Матица српска
Subjects
Economy
International relations/trade
Supranational / Global Economy
economic crisis
exports elasticity
protectionism
global imbalances
international trade
international supply chains
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Summary:Global trade imbalance is one of the factors of the ongoing economic crisis. Dependence of Western countries on capital from Asian countries created a supply of innovative financial instruments, which drawn the world into financial and economic crisis. After the crisis, international trade collapsed, with some specific features: trade declined faster than production, trade in equipment and durable consumer products plunged, international supply chains suffered. Future challenges are related to possible protectionism and wrong approaches for global rebalancing.
ISSN:0352-5732
2406-0836