7.3.1 Flashcards
What is international trade
International trade is the exchange of money, goods and services between countries
What is a recent trend in international trade growth?
The volume of international trade has increased considerably over time, with the period between 1980 and 2010 experiencing the fastest rate of growth
In 2000 the value of global trade was approximately $6.45 trillion. By 2020 this figure was at $19 trillion
What is a trend in FDI distribution?
The volume of international investment has also increased dramatically, with flows of FDI growing 10-fold between 1990 and 2015
What is a current trend in pattern of international trade and investment?
The pattern of international trade and investment is changing, with LDE and EME countries playing a more significant role
Who dominated global trade in the past?
In the past, western countries such as USA, Germany and UK dominated global trade and investment
Who are the leading exporter and importers of the world?
China is now the largest exporter of goods in the world, and while USA remains the world’s largest importer of goods, China is in second place
Outline the recent t change in the pattern of international investment
HDE countries remain the most important source of FDI, however flows from LDE and EME countries have grown significantly e.g.China’s Belt and Road Initiative
What country is the largest recipient of FDI?
Although USA is the largest recipient of FDI ($156 billion), EME countries now receive more than 50% of global FDI flows, with China the third largest recipient ($149 billion)
