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Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global

This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error co

The past few decades have seen important shifts that have reshaped the global trade landscape. As a share of global output, trade is now at almost three times t

Available research suggests that less developed countries have significant competitive advantage over developed countries in three major areas of international