Reflecting on five decades of growth

A distinctive feature of the post-World War II period has been the steady and sustained increase in international commerce. Except for a few épisodes when the world went into recession (most notably in the early 1980s, following the oil price shocks of 1974 and 1979, and in 2009 as a resuit of the global financial crisis) international trade has grown more rapidly than world output, year in, year out.

Sustainable Development Goals:

Industry, Innovation and Infrastructure