Global Patterns of + Inequalities in Trade Flows

Question 1

What are the global patterns of trade flow?

Answer 1

• China: top visible trader w total = 4157B
• USA: top invisible trader w total = 1094B
• stagnation + dec of N. America + Europe, but inc of Asian markets

Question 2

What are the inequalities of trade flow?

Answer 2

• LICs are disadvantages bc have a smaller range of exports (mainly primary products) + are liable to trade agreements between countries