Post-Crisis Development: Inflation vs Deflation

Abstract

Session of the Contracting Parties held in Geneva. The publication was prepared by a panel of experts at the request of the trade ministers who had met at the Twelfth Session of the Contracting Parties in 1957. The aim was to examine trends in international trade and to look ahead to future prospects. The publication acted as a template for future editions of "GATT International Trade". Introducing changes 1986 In 1986, "GATT International Trade" was given a "face lift", with changes to the format of the publication and its cover. The most important change was the breakdown of data by seven regions (North America, Latin America, Western Europe, Eastern Europe and the USSR, Africa, the Middle East, and Asia) to replace the previous breakdown: industrial countries, developing countries, and the Eastern Trading Area. The new structure-with data broken down by region and sector-meant that the GATT data for previous years had to be adjusted and new methods used to estimate missing data. This led to some breaks in data continuity. 1988 The publication was renamed "International Trade Report" in 1988 and published in two volumes. Volume I was devoted to an analysis of developments in world trade and international commercial relations, including "trade trends in agriculture" (published in 1988) and "Services in the domestic and global economy" (published in 1989). Volume II contained the statistical tables and charts. 1994 Volume II was renamed "Statistics" in 1994 and "Trends and Statistics" in 1995. 1995-97 Following the creation of the WTO in 1995, the first volume of the "International Trade Report" featured a special topic each year-for example, "Trade and foreign direct investment" (published in 1996) and "Trade and competition policy" (published in 1997), while Volume II continued to contain the statistical tables and charts.