{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

02 World Trade - World Trade An Overview Who Trades with...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
1 1 World Trade: An Overview Who Trades with Whom? The Gravity Model Other Factors Influencing Trade Has the World become “Smaller” The Changing Composition of Trade 4 Who Trades with Whom? The US’s 5 largest trading partners are Canada, China, Mexico, Japan, and Germany. Most US trade is with its top 10 trading partners. – They accounted for two-thirds of US trade. • Why? 5 U.S. Major Trade Partners 6 The Gravity Model: Size Matters There is a strong positive empirical relationship between the bilateral trade volumes of any 2 countries and the size of those 2 countries’ economies.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon