World Trade: Evolution and Vulnerabilities: a Network Analysis Approach
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
This paper analyses the evolution of the world trade network between 2007 and 2012 with a focus on community structure alterations. Following the financial crisis of 2008 world trade was severely decreased and the recovery lead to a shift in importing hubs from the United States of America (USA) to Europe and the large Asian Economies. The 2012 network is used for contagion simulations in order to determine the current vulnerabilities of world trade. The results of these simulations mostly reflect the a priori expectations: the largest impact is created by the economic contraction of one of the large importing hubs in the network: the USA, Germany, China, the United Kingdom and Japan. A secondary serious source of cascading effects is represented by countries that play a brokerage role: India and Russia.
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:uu:diva-226381OAI: oai:DiVA.org:uu-226381DiVA: diva2:725256
Bask, Mikael, Universitetslektor
Waldenström, Daniel, Gästprofessor