World Investment Report 2010

Trade, like every other aspect of the economy, has been deeply affected by the global recession that started to emerge in the wake of the 2008 .nancial crisis. As this book goes to press, we are projecting a decline in world trade for the .rst time since 1982. Trade is not at the origin of the crisis, but since it binds economies closely together, it helps to spread developments from one country to another – the negative developments as well as the positive. Weakening consumption and investment reduce demand for exports, a matter of critical importance for most countries, and particularly those whose economic development strategies rely on export-led growth… more »