We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Mexico: The Great Trade Collapse - Research Paper Example

Comments (0) Cite this document
This paper describes the Great Trade Collapse refers to a sharp decline in trade values during the recent global recession in 2008. Analysis of this slump shows that the decline can be significantly attributed to trade quantities as opposed to trading prices. …
Download full paper
Mexico: The Great Trade Collapse
Read TextPreview

Extract of sample
Mexico: The Great Trade Collapse

Download file to see previous pages... This impact was severely felt by the durable goods sector as opposed to the nondurable goods sector. As a result, international supply chains also played a crucial role with regard to the Great Collapse (Husted and Michael, 55). As mentioned before, the Great Collapse of 2008 can be described in various forms. These forms include the following: It was severe and sudden. This is because the Great Collapse represented the largest drop in global trade values in recent times. Thus, the drop is only rivaled in magnitude by the Great Depression. However, the Great Collapse was steeper in comparison to the Great Depression due to the short spell of time within which the Great Collapse occurred. It was synchronized. This is because according to the World Fact Book, during the Great Collapse, more than 100 nations incurred a drop in both exports and imports. CAUSES OF THE GREAT COLLAPSE According to Caballero, the Great Collapse can ultimately be attributed to the Great Recession which represented a spell of the economic slump. However, from an analytic point of view, the collapse can be attributed to various demand shocks. Similar to the dwindling global demand, commodity prices also fell, thus, resulting in a significant drop in the international trade. Compositional Effect. According to Caballero, the compositional effect expounds on the nature of the demand shock. The shock focused on certain products. These products mainly included durable products such as vehicles and electronics. Therefore, since these products are a large part of the global trade while forming a relatively smaller part of GDP, the sudden drop in their demand produced a diminished impact on the GDP as opposed to global trade. This argument attempts to explain the reason behind the huge impact of the Great Collapse on global trade as opposed to GDP. Synchronicity Effect. The synchronicity effect expounds on the uniformity in the occurrence of the collapse. Caballero further states that the synchronicity of the collapse can be attributed to the international supply chains and the causes of the Great Recession. Internationalization of the supply chains contributed significantly to the rapid transmission of the demand shocks. This resulted in the synchronized drop for both imports and exports. With regard to the cause of the Great Recession, it can be attributed to the inception the “fear factor” resulting from the collapse of major investment banks in the US. As a result, there was a synchronized postponement of durable commodities such as vehicles and electronics. In addition, even luxury tourism ventures were postponed. Thus, this effect was rapidly transmitted across the globe, in turn, contributing significantly to the synchronism of the Great Collapse. MEXICO The Great Collapse resulted in numerous concerns in regards to the process of globalization. This was owed to the fact that globalization was immensely credited with the global propagation of the collapse. As a result, numerous countries across the globe were immensely affected by the collapse. One of the most affected nations by the Great Collapse was Mexico. Its trade fell by over 40 percent within a spell of 6 months following the onset of the Great Collapse in September 2008. The country's exports and imports have since appreciated significantly in recent times.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Mexico: The Great Trade Collapse Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1455926-mexico-the-great-trade-collapse
(Mexico: The Great Trade Collapse Research Paper)
“Mexico: The Great Trade Collapse Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1455926-mexico-the-great-trade-collapse.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Significance of Chaco Canyon
Chaco Canyon was occupied by the Puebloan people, the ancestors of the Anasazi. The Canyon now forms a part of the Chaco Culture National Historical Park encompassing some of its most renowned regions such as Pueblo Bonito, Penasco Blanco, Pueblo del Arroyo, Pueblo Alto, Una Vida, and Chetro Kelt (Maestri, 2012).
10 Pages(2500 words)Research Paper
Staffing Ethics for HR in a Globalized World
HR has a pioneering ethics mentoring and ethical shaping responsibility to applicants, employees, and the organizations they work for. The inclusion of diverse voices is a strength of this paper. There are articles from India, Romania, Mexico, Poland, Canada, and the USA.
15 Pages(3750 words)Research Paper
Some have called the Cold War thethird world war. Would you agree and why
Though the conflict never led to the declaration of a full-blown ‘Hot War’ but the animosity between the two nations kept on brewing and led to many proxy wars. The tension disrupted the international accord and the evidence of its existence was quite ostensible through subsequent wars that took place between other countries.
13 Pages(3250 words)Research Paper
The Aztec Empire history research paper
This period is also referred in the Mesoamerican chronology as the late post-classical period. History itself is similar to a vast ocean that captivates myriad facts and figures of the forgotten, lost and by-gone days. The history pertaining to the great empire and civilization of Aztec is not an exception in this regard.
4 Pages(1000 words)Research Paper
History of the United States
To this day, America maintains its greatness. This paper will explore the history of this fine country. The United States grew out of thirteen colonies that had been settled by the United Kingdom. They were growing rapidly by the mid-1700s (Bonwick, 12). The name of the new country came from the fact that these states were united against Britain and decided to form a federal constitutional republic.
4 Pages(1000 words)Research Paper
How Free Trade Causes Development
According to the paper the criticisms leveled against free trade as it exists today is its affect on workers and consumers. Some believe that under this system, workers become helpless pawns of their capitalist masters, compelled to sell their labor power at sub-optimal costs. The only theoretical alternative they have to evading this exploitation is to become destitute, which is a far greater misery.
9 Pages(2250 words)Research Paper
Democracy and capitalism
..immense material wealth and an entrepreneurial class, on the countries in which it originated." (Foulkes, 2006, p.22) This newly emerged entrepreneurial class shows little tolerance for government bureaucracy and regulation. At the same time it clamors for ever more material prosperity in the form of consumer goods, social progress in the form of quality education, etc.
6 Pages(1500 words)Research Paper
The US/World Economic Collapse. Mainly What caused the crash of 2008
The housing crisis or the sub prime crisis is getting worse rather than cooling off, this means that the US economy is only going to get adversely affected and this in turn is going to affect all the major economies of the world. The labor market is also getting affected and this means that there will be less job opportunities in the future for the people seeking jobs.
5 Pages(1250 words)Research Paper
Mexican Trade and Exports
Mexico is currently the third-positioned commercial associate of the US and the next big sale center for US exports. Mexico used $163 billion on US commodities in 2010, and business with Mexico maintains six million employments in the US. This economic worthiness that for several in the US remains “concealed in simple view”.
10 Pages(2500 words)Research Paper
World Trade Center Collapse
It was estimated that the fatalities in all were 2,595 people inside and near the towers, together with the 157 people who on the two airplanes (Hirschkorn n. pag, 2003). If we take a look at the constructiuon of the two towers, it can be noted that the towers were designed as framed tube structures to maximize office space, with columns grouped around the boundary and within the core.
6 Pages(1500 words)Essay
Let us find you another Research Paper on topic Mexico: The Great Trade Collapse for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us