On This PageVol. 35, Second Quarter, 2011

Understanding the Great Trade Collapse of 2008–09 and the Subsequent Trade Recovery
Last Updated: 05/04/11

This article documents the Great Trade Collapse of 2008–09, as well as the dramatic recovery in trade of 2009–10. The authors consider how three distinct policy actions — fiscal stimulus, funding for trade finance and a commitment to refrain from increasing trade barriers — might have affected both the collapse and recovery.