Globalisation affecting international trade

1980's
1. international trade
  1. volume dramatically increased
    1. 1980 - 2008
      1. x 8
pattern
1. global trade
  1. change
    1. Developed countries
      1. largest global traders
    2. emerging economies
      1. catch up
        China
        largest exporter of goods
        manufacturing sector rapid growth
    3. LEDC's
      1. slow growth
        bigger traders
        African countries
        1995
        2% world trade
        2010
        3%
      2. poorest 49 countries
        10% world pop
        0.4% world trade
opening to international markets
1. removing trade barriers
  1. trade blocs
fair trade
1. trading inititiave
  1. supports people in LEDC's who produce products exported to HIC's
  2. 1970's
    1. aprox 1000 fair trade producer groups set up in LEDC's
      1. trade with HIC's
        product selling
        supermarkets
        shops

Resource summary

	Created by Harry Partridge over 5 years ago