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Justin Fox

OK, Maybe Globalization Isn't Dead

World trade just made a big jump. That seems worth noting.
Up, up and ...

Up, up and ...

Photographer: JOSEP LAGO/AFP/Getty Images

Global trade boomed in the 1990s and 2000s, fell sharply during and after the 2008 financial crisis, and then, after a sharp recovery in 2009 and 2010, settled into a pokey, slow-growth trajectory.

Since last summer, though, things appear to have been getting less pokey. According to the monthly World Trade Monitor, maintained by the Netherlands Bureau for Economic Policy Analysis (known in Dutch as the CPB ) and released this morning, the volume of world trade in February was 4.2 percent higher than it was last July.