Discussion Paper
Assessing the Extent of Trade Fragmentation
Abstract: Globalization increased steadily for decades following the end of World War II, with trade as a percentage of global GDP rising from 20 percent in the early post-war period to nearly 60 percent just before the Global Financial Crisis (GFC) (Aiyar et al., 2023). Since the GFC, however, this move toward globalization has stalled, and recent events—U.S.-China trade tensions, the Covid-19 pandemic, and the Russian invasion of Ukraine—have raised the prospect of a reversal.
https://doi.org/10.17016/2380-7172.3387
Access Documents
File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/assessing-the-extent-of-trade-fragmentation-20231103.html
Authors
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2023-11-03
Number: 2023-11-03