GLOBAL TRADE

Global Patterns of Trade

[Name of the Institute]

Global Patterns of Trade

Definitions and Concepts

Overall international trade represents all flows between territories. We can identify historically population exchanges (emigration and immigration), technological (the compass, gunpowder,), cultural or artistic (painting and music and film and television for example), sport, politics (through the establishment of diplomatic relations formally allow direct exchanges between states), and economic. In the economic sense, international trade includes trade between countries of goods, services, capital and unilateral transfers (Krugman, 1993, pp. 21-29). All these exchanges are grouped in an accounting document, the balance of payments, balance held in France by the Customs Administration.Foreign trade or international trade (CI) in the strict sense covers all trade in goods and services:

Trades in goods are mainly manufactured goods (70% of trade in goods), agricultural products and livestock, and property of mining and extractive (industrial raw materials) (Falvey, 2002, pp. 42-51). Trade in services is represented by the transport, travel and other business services (insurance, banking, patents etc.) (Gerber, 2011, pp. 11-14).

Globalization (trade in goods and services) which tends to group all of these transfers in a large single world market, organized by an international institution, the WTO, in cooperation with regional groupings such as NAFTA (Canada , United States, Mexico), EU (27 members), Mercosur (Argentina, Paraguay, Uruguay, Venezuela and Brazil etc.) (Salvatore, 2010, pp. 101-113). Globalization (capital flows) which tends to consolidate the financial flows in a single world market funding sources, organized by an international institution (the IMF and World Bank) in cooperation with the major central banks (the Fed, the ECB, Bank of England, Japan and China for the most part).

State of Play

We usually analyze international trade according to three criteria: trade volume, value, and geographical area. There is a whole:

The rate of growth of international trade is growing faster than production,

The share of services (20% of trade) is growing over the long term,

More than 80% of world trade is carried by the triad (North America, Europe and Asia-Pacific) European Union representing overall 40% of world trade.

Volume Analysis

In general, the rate of growth of international trade exceeds GDP growth. In 2006, the volume of merchandise exports increased by 6%, at a rate significantly faster than world output of goods.

Value Analysis

World exports of goods increased 13% to $ 10.2 trillion in 2005. Exports of commercial services rose 10% to $ 2.4 trillion in 2005. For the third consecutive year, ...