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Unformatted text preview: the largest traders and the account for more than 40 percent of world trade. World trade thus tends to be concentrated among relatively few major traders, with the remaining 200 countries accounting for slightly more than 45 percent (Appleyard, Field, & Cobb, 2010). International trade is becoming more and more relative to our economic state. International trade has played a critical role in the ability of countries to grow, develop, and be economically powerful throughout history (Appleyard, Field, & Cobb, 2010). Theses tables teaches us which countries are producing the most exports, imports, and doing the most trading. It also shows that countries tend to trade with other countries that are closer geographically. The tables in addition teach us that industrialized countries tend to dominate in world trading. References Appleyard, Field, & Cobb. (2010). International Economics (Seventh Edition ed.). New York, New York: McGraw - Hill Companies, INC....
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- Spring '11
- International Economics