The increasing importance of services expenditures and the dampening effect on global trade

[...]of the expansion of international trade and competition, consumers in rich and poor countries alike gained in terms of greater purchasing power, better-quality products, and more product varieties. [...]standardization of shipping containers (a process that began to accelerate in the 1960s) sig...

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Veröffentlicht in:	Chicago Fed Letter 2021-04 (456), p.1-6
Hauptverfasser:	Lewis, Logan T., Monarch, Ryan, Sposi, Michael, Zhang, Jing, Beetz Fenske, Caroline
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumers Consumption Costs Expenditures Federal Reserve monetary policy GDP Global economy Gross Domestic Product International trade Protectionism Recessions Tariffs
Online-Zugang:	Volltext
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