Global Shipping Patterns Flashcards
1
Q
What is trade?
A
Movement of goods and services from producers to consumers
2
Q
Who is world trade dominated by?
A
- Developed nations
- BRIC group
3
Q
How much has world trade and global GDP risen by since 1945?
A
2% annually
4
Q
How many nations account for 50% of all trade
A
- 10
- Largest: China, Japan, USA and Germany
5
Q
Outline the shipping patterns in modern China
A
- Meat consumption per capita rose from 4kg to 52kg from 1990-2010
- No. 1 exporter of goods ($2 billion)
