International trade has been an important engine of output and productivity growth historically. But since the global financial crisis, world trade growth has slowed, reflecting cyclical and structural forces. The COVID-19 pandemic and Russia’s invasion of Ukraine have further disrupted commodity markets, global supply chains and the trade that accompanies them. A removal of impediments that raise trade costs could reinvigorate world trade. Trade...
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DETAILS
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2023/03/10
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Policy Research Working Paper
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WPS10356
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1
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2023/03/10
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Disclosed
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Trade as an Engine of Growth : Sputtering but Fixable
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Citation
Ohnsorge,Franziska Lieselotte; Quaglietti,Lucia.
Trade as an Engine of Growth : Sputtering but Fixable (English). Policy Research working paper ; no. WPS 10356; COVID-19 (Coronavirus) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099450203102326513