Open AccessTrade Restrictions Hamper World Trade Growth
Author(s) -
Надежда Воловик
Publication year - 2016
Publication title -
ssrn electronic journal
Language(s) - English
Resource type - Journals
ISSN - 1556-5068
DOI - 10.2139/ssrn.2815459
Subject(s) - international trade , international economics , world trade , trade barrier , economics , economic integration , business
World trade growth rates have signi cantly slowed: in 2015, the volume of world trade went up by 2.8% and according to the WTO forecast will remain at the same level throughout 2016. As a result, the current year will be the h year in a row when the trade turnover will increase by less than 3%. Furthermore, during the period from 1990 through 2008 the average indicator remained at the level of 5%.
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