trade and investments in a globalised world Flashcards
1
Q
when was the only time international trade decreased?
A
financial crisis
2
Q
how much has world exports of manufacture goods increased from 2006 to 2016?
A
2006 $8tn
2016 $11tn
3
Q
how has investment patterns changed?
A
used to be heavily concentrated within the most developed countries
now mainly HICs into LICs due to the profits that can be made from lower labour costs
4
Q
who were the largest global exporters in 2024?
A
china $2.62tn
5
Q
why is international trade changing now?
A
new international relationships including fair trade and trade blocs
