Publication:
Global Economic Crisis and Vertical Specialization in Developing Countries

Simple item page
dc.contributor.authorPitigala, Nihal
dc.date.accessioned2012-08-13T14:12:29Z
dc.date.available2012-08-13T14:12:29Z
dc.date.issued2009-04
dc.description.abstractThe world has witnessed an impressive increase in trade over the past four decades. World merchandise trade increased from US$217 billion in 1962 to US$22.8 trillion in 2006. While industrialized countries accounted for the vast majority of this growth, between 1985 and 2006, developing countries' total trade increased from US$1.1 trillion to US$8.4 trillion, growing at an average annual rate of 9.8 percent, outpacing the world trade growth of 8.7 percent over this period. As the current economic and financial crisis unfolds, the world is now witnessing a dramatic and unexpectedly rapid contraction of trade, far beyond what would be expected in a typical Keynesian-style contraction (Baldwin, 2009). Developing countries are expected to be adversely affected as the volume of world trade is expected to decline by more than 2 percent in 2009, the first such decline since 1982 (World Bank, 2009). The emergence of vertical specialization has allowed a large number of developing countries to exploit their comparative advantages at a much finer level of specialization in global production chains, enabling them to both boost their exports and diversify away from traditional, commodity-based exports.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/04/10536780/global-economic-crisis-vertical-specialization-developing-countries
dc.identifier.doi10.1596/11121
dc.identifier.urihttps://hdl.handle.net/10986/11121
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPREM Notes; No. 133
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAPPAREL
dc.subjectAPPAREL SECTOR
dc.subjectBASIS POINTS
dc.subjectBILATERAL TRADE
dc.subjectBORDER INFRASTRUCTURE
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOST OF FINANCE
dc.subjectCOST OF TRANSPORT
dc.subjectCOST REDUCTIONS
dc.subjectCOUNTRY RISK
dc.subjectCUSTOMS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT FINANCE
dc.subjectDRIVING
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC RISK
dc.subjectEXOGENOUS SHOCKS
dc.subjectEXPORT-PROCESSING ZONES
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN INVESTMENT
dc.subjectFREIGHT
dc.subjectFREIGHT COSTS
dc.subjectFUTURE RESEARCH
dc.subjectGENERALIZED SYSTEM OF PREFERENCES
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL TRADE
dc.subjectGLOBAL TRADING
dc.subjectGLOBALIZATION
dc.subjectGRAVITY EQUATION
dc.subjectGROWTH IN TRADE
dc.subjectHOME COUNTRY
dc.subjectIMPACT OF TRADE
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL PRODUCTION
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORY
dc.subjectLIBERALIZATION
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMOBILITY
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL STABILITY
dc.subjectPROTECTIONISM
dc.subjectPROTECTIONIST
dc.subjectRAILROADS
dc.subjectRAPID EXPANSION
dc.subjectRAPID GROWTH
dc.subjectREGIONALIZATION
dc.subjectROAD
dc.subjectROAD TRANSPORT
dc.subjectROADS
dc.subjectTARIFF REDUCTIONS
dc.subjectTOLL
dc.subjectTRADE BARRIERS
dc.subjectTRADE COSTS
dc.subjectTRADE FINANCE
dc.subjectTRADE FINANCING
dc.subjectTRADE FLOWS
dc.subjectTRADE INTEGRATION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE MODEL
dc.subjectTRADE PATTERNS
dc.subjectTRADE POLICY
dc.subjectTRADING SYSTEM
dc.subjectTRANSACTION COSTS
dc.subjectTRANSIT
dc.subjectTRANSPORT
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT INFRASTRUCTURE NETWORKS
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION COSTS
dc.subjectVERTICAL SPECIALIZATION
dc.subjectWAGES
dc.subjectWELFARE GAINS
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.titleGlobal Economic Crisis and Vertical Specialization in Developing Countriesen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T10:37:43.880989Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/04/10536780/global-economic-crisis-vertical-specialization-developing-countries
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid631191468336847720
okr.identifier.externaldocumentum000333038_20090508013902
okr.identifier.internaldocumentum10536780
okr.identifier.report48378
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/05/08/000333038_20090508013902/Rendered/PDF/483780BRI0prem10Box338903B01PUBLIC1.pdfen
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Free Trade
okr.topicPrivate Sector Development::Emerging Markets
okr.topicEconomic Theory and Research
okr.topicTransport Economics Policy and Planning
okr.topicMacroeconomics and Economic Growth
okr.topicTransport
okr.unitOffice of VP & Head of Network (PRMVP)
okr.volume1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
483780BRI0prem10Box338903B01PUBLIC1.pdf
Size:
186.63 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
483780BRI0prem10Box338903B01PUBLIC1.txt
Size:
88 B
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
PREM Notes