The Global Financial Crisis and Trade Prospects in Small States

Contents
1. Introduction
2. How the Effects of the Global Financial Crisis Play Out Via Trade
2.1 Lower demand for imports
2.2 Worsening access to credit
2.3 Incipient and murky protectionism
3. Possible Trade Implications for Small States
3.1 Trade in goods
3.2 Trade in services
4. An Empirical Analysis of Trade Effects in Small States
4.1 Trade in goods
4.2 Trade in services
4.3. How do trade effects impact on the domestic economy?
5. Other Direct Channels of Transmission of the Crisis in Small States
5.1 Private capital flows
5.2 Remittances
5.3 Aid
6. Policy Implications
6.1 Long-term policies
6.2 Short-term policies
7. Conclusions
Annex
References
About the contributors
Massimiliano Calì (Author)
Massimiliano Calì is a Research Fellow at the Overseas Development Institute. His current research focuses on the relation between trade, development and growth, on the effects of migration on source countries, and on the determinants and implications of urbanisation in developing countries.Jane Kennan (Author)
Jane Kennan is a Research Officer at ODI. She specialises in the analysis of trade and related statistical data in order to support studies of trade policy.Browse subjects
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