New developments in world trade in the first quarter of the 21st century
New developments in world trade in the first quarter of the 21st century

Summary/Abstract: This paper aims at presenting an overview of the six most important trends in the world trade ofour times: (1) a continuing expansion of world trade volume – but with declining dynamism,(2) new relations between the old and the new world-trade powers, and (3) further shifts in thesectoral composition of trade flows (commodities, manufactures, and services). In addition, thereis the influence of (4) new players in the commodity trade (i.e., the ‘financialisation’ of commoditytrade), (5) new forms of enterprise cooperation in manufacturing (production networks, strategicalliances, global value chains), and (6) new tradables in the service sector.

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