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ArtikelBoxed In; International Trade  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist ( vol. 404 no. 8801 (Sep. 2012), page 61-62.
Topik: International Trade; Business Conditions; Statistical Data; Business Forecasts; Trade Finance; Exports
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    • Nomor Panggil: EE29.73
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Isi artikel The OECD reports that exports fell by over 4% in the second quarter of 2012 in Britain and India; Russia and South Africa lost more than 8%. That is particularly bad news for places like Singapore and Hong Kong, which are important trade hubs; open euro-zone countries like Ireland and Belgium are also highly exposed. The obvious cause of falling trade is the global economic slowdown. Since exports are sales to foreigners, they tend to weaken when buying power is low. That means trade often tracks global GDP quite closely. Trade has generally grown faster than GDP in recent years, rising from 22% to 33% of world GDP between 1996 and 2008. Its downturn this year has been more pronounced than that of the world economy. That suggests other factors may be at work beyond the pace of global growth. Increased protectionism may also be starting to drag on trade.
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