1945

Trends and issues in international trade

The volume of world trade expanded by over 9 per cent in 1988. This was well above the annual rate of 3 per cent which had so far prevailed in the 1980s. Buoyant economic activity in the developed market-economy countries, particularly as regards investment, and strong growth in several developing countries of South-East Asia, were important factors contributing to their strong expansion. However, with key economies shifting towards policies of greater demand restraint, some deceleration of this recent high growth in the volume of trade is probably now under way.

Related Subject(s):
Sustainable Development Goals:
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