Examine new trends in international trade and discover how trade in merchandise and services has changed since the global financial crisis in 2007. Explain what are the underlying factors for shaping these trends? What is the role of WTO in the new globalized setting and how it can resolve trade disputes among nations? How we can explain the overshooting of trade elasticity that occurred during 2007-2009 financial collapse. Provide some empirical evidence for developed and developing countries.
Support your analysis with at least three (3) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Length: 5-7 pages (not including title and reference pages).
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