World Economics - Insight , Analysis and Data

World Economics - Measuring Global Economic Activity and GDP
Trade and Growth in the Post-Crisis World
Ronald U. Mendoza, World Economics, December 2010
Countries that have most successfully used trade as part of a high growth strategy tend to exhibit a distinct trading pattern that maximises learning. The evidence points to three main strategies: first, trading itself matters, as firms learn from a larger market; second, with whom you trade matters, as richer and more technologically advanced trading partners offer more scope for learning; and, third, what products you trade matters, as more sophisticated tradables are linked to more intensive learning and greater discovery of new economic opportunities. The recent global crisis may create forces that could accentuate the need for learning, as well as opportunities for it. Trade-induced learning of a more South–South flavour is likely to prove critical for future success.

Related thinking:
    Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?
Zuzana Brixiová, Qingwei Meng and Mthuli Ncube, World Economics, September 2015
    The Link Between Money and Nominal Spending
Ryland Thomas, World Economics, June 2014
    Flowing Together or Flowing Apart
José María Larrú Ramos and Martha Carro Fernández, World Economics, March 2014


Download paper


© Copyright World Economics Ltd. 2017