Global features and trends

Question 1

What are some trends within international trade and investment?

Answer 1

• Emergence of free market encouraged removing existing barriers of trade
• Average trade tariffs have been shrunk to 1/10th of their level
• Flow of most economic products have eased
• Global agreements increasingly difficult to reach

Question 2

Which 3 countries account for 25% of global trade?

Answer 2

USA, Germany and Japan