Outline The Pattern Of Global Trade Flashcards
0
Q
A striking feature of the pattern of trade is…
A
It’s unequal distribution
1
Q
Pattern of trade has…
A
Dramatically changed over the last century, developing countries such as China now play a large role in international trade
2
Q
Developed countries have a
A
Comparative advantage in capital intensive industries.
These goods and services command higher prices- higher value gained from trade
3
Q
In comparison to labour intensive industries
A
Traded by developing countries
