Economy. Jonathan Eaton on changing global trade to GDP ratios
GRADUATE INSTITUTE. Jonathan Eaton, Professor of Economics at Pennsylvania State University, was a speaker at the recent DEGIT XX conference on Dynamics, Economic Growth and International Trade, organised by the Graduate Institute’s Centre for Finance and Development.
He assessed the decline in manufacturing demand, citing it as the major factor behind the 29% drop in world trade during 2008-9 and explaining how the factors behind the trade collapse “haven’t gone away”.
