Flows of product Flashcards
What does ‘flows of product’ mean?
Trade between countries or regions
Today, what percentage of total global production is exported?
around 25%
When were the two waves of globalisation?
19th century - WW1 (IR)
After WW2
What percentage of the value of global exports comes from foreign inputs?
30%
What regions have the least exported goods?
Africa, south America (excl. Brazil).
What regions have the highest exported goods?
Russia, USA, Canada, Western Europe, India
How has global exports changed since 1913?
Grown exponentially.
Nearly 5000% (50x) of the amount of trade since 1913
What countries have the highest money made from exports? (proportion)
Malaysia, Papua new Guinea, Vietnam, Netherlands
How has rich-rich trade changed from the 1800s to 2014?
Mostly declining.
Around 80% to around 30%
Still the highest amount of trade
How has non-rich-rich trade changed from the 1800s to 2014?
Has been increasing since around 1860
How has non-rich-non-rich trade changed from the 1800s to 2014?
Increasing more recently, around 1960.
Significant in 2000s to around 25%
What countries have the highest value imports?
Canada, US, Japan, Mexico, India, Western Europe