International Trade in the Midst of Global Financial Crisis_1

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Imports and exports in the midst of Global Financial Crisis With the world in the grip of a deep recession and no clear way out,http://electricsaunaheater.webmium.com/helo-sauna-heater, how have imports and exports been affected? How have those who rely on shipping trade been getting along? Short term credit The first point to note is that this crisis has affected credit,http://electricsaunaheater.webmium.com/gas-sauna-heater, but more importantly for the shipping industry,http://electricsaunaheater.webmium.com/, short term credit used for shipping transport has dried up,Finlandia electric sauna heater|Free Shipping, with some port agents refusing to even accept credit notes from certain banks. Short term credit use in the shipping industry is wide spread, so this is a major issue. This has had a big impact for the shipping industry as a whole,http://electricsaunaheater.webmium.com/tylo-sauna-heater, as businesses struggle to hold on to cash and try and live on a credit-free diet. Developing economies push towards domestic demand The US has been heavily impacted by the crisis, where the global meltdown started. High profile developing countries have had to change tack. In the past the economies of India, China and even Brazil fueled their growth by producing cheap