Kortum, Sam; Romalis, John; Neiman, Brent; Eaton, Jonathan - Society for Economic Dynamics - SED - 2010
The World Trade Organization forecasts that the volume of global trade will in 2009 exhibit its biggest contraction … since World War II. This large drop in international trade is generating significant attention and concern. Given the … severity of the current global recession, is international trade behaving as we would expect? Or alternatively, is …