Globalisation affecting international trade

Globalisation affecting international trade

1. 1980's

   • international trade
     • volume dramatically increased
       • 1980 - 2008
         • x 8

2. pattern

   • global trade
     • change
       • Developed countries
         • largest global traders
       • emerging economies
         • catch up
           • China
             • largest exporter of goods
               • manufacturing sector rapid growth
       • LEDC's
         • slow growth
           • bigger traders
             • African countries
               • 1995
                 • 2% world trade
               • 2010
                 • 3%
         • poorest 49 countries
           • 10% world pop
           • 0.4% world trade

3. opening to international markets

   • removing trade barriers
     • trade blocs

4. fair trade

   • trading inititiave
     • supports people in LEDC's who produce products exported to HIC's
     • 1970's
       • aprox 1000 fair trade producer groups set up in LEDC's
         • trade with HIC's
           • product selling
             • supermarkets
             • shops