2010
DOI: 10.1103/physrevlett.105.198701
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Structure and Response in the World Trade Network

Abstract: We examine how the structure of the world trade network has been shaped by globalization and recessions over the last 40 years. We show that by treating the world trade network as an evolving system, theory predicts the trade network is more sensitive to recessionary shocks and recovers more slowly from them now than it did 40 years ago, due to structural changes in the world trade network induced by globalization. We also show that recession-induced change to the world trade network leads to an increased hier… Show more

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Cited by 91 publications
(75 citation statements)
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“…In our recent work on NaFeAs [6], the ARPES data show very sharp features compared with those of other iron pnictides. Furthermore, three characteristic phase transitions of iron pnictides (the structural, spin density wave, and superconducting transitions) all occur in NaFeAs.…”
Section: Introductionmentioning
confidence: 83%
“…In our recent work on NaFeAs [6], the ARPES data show very sharp features compared with those of other iron pnictides. Furthermore, three characteristic phase transitions of iron pnictides (the structural, spin density wave, and superconducting transitions) all occur in NaFeAs.…”
Section: Introductionmentioning
confidence: 83%
“…More recently the interest to the analysis of the world trade as a network becomes more and more pronounced with a few publications in this area [1623]. Thus, the global network characteristics were considered in [16,17], degree centrality measures were analyzed in [18,19] and time evolution of network global characteristics was studied in [20]. Topological and clustering properties of trade network and multinetwork of various commodities were discussed in [19,21,22].…”
Section: Introductionmentioning
confidence: 99%
“…The ITN is close to the fully connected network because a country trades to almost all countries. The analysis of the ITN was based on these densely connected networks 18,19,20,21,22,23,24,25,26,27,28,29 .…”
Section: Introductionmentioning
confidence: 99%