Depression averted 2. Volume of world trade in goods, indexed to the start of recession.
Note: Volumes in 1929 and 2008 normalized to 100. X-axis shows number of years before and since the start of the recession. Historical 1922–1938 data built using current country borders. Source: Federico and Tena-Junguito (2016), and CPB Trade Monitor.
Part of: Bery S, Biondi F, Brekelmans S (2019) Twenty years of the G20: Has it changed global economic governance? Russian Journal of Economics 5(4): 412-440. https://doi.org/10.32609/j.ruje.5.49435