Preferential trade agreements enhance global trade at the expense of its resilience

Bi- and multilateral trade agreements can make commodity trade networks more efficient and lead to more rapid growth of the volume of trade, but these gains come at the expense of resilience to economic shocks, such as the 2009 global financial crisis which decimated economies around the world. A new study published in the journal PLOS ONE makes use of the similarities between ecosystems and commodity trade networks to explore these phenomena.

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Preferential trade agreements enhance global trade at the expense of its resilience

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