last quarter of 2008, according to the World Trade Organization (WTO), there has been a sudden collapse in world trade flows with a decline by approximately 12% in 2009. This figure is much greater than the decline of 5.4% in GDP for the same period. Since 2012, this trend is even more accentuated in such a way that the rate of in- crease in world trade volumes is less than the global GDP growth rate. Additionally, the growth in the value of trade has significantly underperformed compared to global growth. Although CPB World Trade Monitor underlines that in the third quarter of 2015, the increase in trade volumes is 2% higher than that in the previous quarter, this does not necessarily indicate an improvement in the world economy.