2010/10/03 by Jiankui He, Michael W. Deem · 1 citation
Computer Science · Economics, Econometrics and Finance · Environmental Science · Physics and Astronomy · #Complex Network Analysis Techniques #Complex network #Computer science #Economic and Technological Innovation #Economic geography #Economics #Globalization #International economics #International trade #Keynesian economics #Network structure #Political science #Recession #Small-world network #Sustainability and Ecological Systems Analysis #World economy #World trade #cs.SI #physics.soc-ph #q-fin.GN
paper · pdf · doi:10.1103/physrevlett.105.198701
4 pages, 4 figures, to appear in Phys. Rev. Lett
arxiv created 2010/10/03 · openalex publication_date 2010/11/05 · arxiv updated 2015/05/20 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05
We examine how the structure of the world trade network has been shaped by globalization and recessions over the last 40 years. We show that by treating the world trade network as an evolving system, theory predicts the trade network is more sensitive to recessionary shocks and recovers more slowly from them now than it did 40 years ago, due to structural changes in the world trade network induced by globalization. We also show that recession-induced change to the world trade network leads to an increased hierarchical structure of the global trade network for a few years after the recession.