Coping with Shocks and Shifts: The Multilateral Trading System in Historical Perspective.

This paper provides a historical look at how the multilateral trading system has coped with the challenge of shocks and shifts. By shocks we mean sudden jolts to the world economy in the form of financial crises and deep recessions, or wars and political conflicts. By shifts we mean slow-moving, l...

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Bibliographic Details
Main Authors: Irwin, D, O'Rourke, K
Format: Working paper
Language:English
Published: Nuffield College (University of Oxford) 2011