Map of world trade
The trade is of
growing importance in the global economic context, because the portion of
production goes to foreign markets has been increasing steadily. In the past 50
years the physical volume of global production grew 8 times while the volume of
exports increased 25 times (in value 150 times.) One consequence of this
phenomenon is the increasing interdependence of economies and the need to
incorporate an international perspective in household decisions.
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