WORLD TRADE: CARDIAC ARREST OR DIZZY SPELL
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNTQSNoqT1BLRzsrUvQtCFfXTeLKNBkxbm0dsV10EoTWz3hlublSl9eI448MroxG9BY-Znf9J30h-zm9UIxyzFcoYPtTpF0Pao_8jsHsIua5BmAvu9XgpwlsrI9_Jyb4EUbXRUtqlN0yU/s640/World+trade+intensity.png)
Haugh et al 2016, Cardiac Arrest or Dizzy Spell: OECD policy paper 18 The concensus view on the trade collapse 2008/9 appears to be changing. In 2009 value chains and protectionism were seen as the magnifiers, multipliers if not culprits of the world trade collapse. A recent OECD study by David Haugh, Alexandre Kopoin, Elena Rusticelli, David Turner and Richard Dutu shows what was claimed and analyzed in On the brink of deglobalization: neither value chains nor protectionsim acted as triggers in 2008/9 and value chains may have been an important factor behind the resilience of world trade (that is the recovery in 2010)