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Home IB Tips and News The Structure of International Trade is Changing

The Structure of International Trade is Changing

May 24th, 2016, by

Global trade today is not as it was 25 years ago.

25 YEARS AGO:

  • Most world trade is within Europe and the U.S.
  • Asia’s trade with the rest of the world is very small.
  • Rich trade with rich, poor don’t trade much.

TODAY:

  • Asia accounts for a huge portion of global trade.
  • Europe and the U.S. trade a lot with Asia.
  • Middle East and Latin America are emerging as major global traders.

SAME:

  • Africa, despite its huge size, natural resources and population is almost invisible in global trade (but will likely be a major player in the next 25 years).

International Trade

Source: Financial Times, http://goo.gl/SQmgho

Category: IB Tips and News
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