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Questions and Answers
What percentage of global economic activity did trade constitute in 1979?
What percentage of global economic activity did trade constitute in 1979?
35.6%
What was the total value of exported goods in 1999?
What was the total value of exported goods in 1999?
Less than $6 trillion
What was the percentage of global trade in 2019?
What was the percentage of global trade in 2019?
58.2%
By 1999, trade accounted for nearly half of the global economic activity.
By 1999, trade accounted for nearly half of the global economic activity.
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Which organization focuses on the role of multinational corporations in world trade?
Which organization focuses on the role of multinational corporations in world trade?
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List one type of non-tariff barrier.
List one type of non-tariff barrier.
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In 2019, the total value of services exported was just over ______.
In 2019, the total value of services exported was just over ______.
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What does ASEAN stand for?
What does ASEAN stand for?
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Study Notes
Introduction to International Trade and Organization
- Global trade has significantly increased over time.
- In 1979, trade constituted 35.6% of global economic activity.
- By 1999, this rose to 46.5%, and exceeded 58.2% by 2019.
- The total value of exported goods increased from under 6trillionin1999toalmost6 trillion in 1999 to almost 6trillionin1999toalmost19 trillion in 2019.
- Similarly, exported services grew from just over 1trillionin1999toover1 trillion in 1999 to over 1trillionin1999toover6 trillion in 2019.
Historical Perspectives and Theories of International Trade
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Types of International Trade Agreements
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Key International Trade Agreements
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The Role of International Organizations in Trade
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Description
This quiz covers the evolution and significance of global trade over the years, highlighting key statistics from 1979 to 2019. Understand how international trade has transformed and the increasing impact it has on the global economic landscape. Test your knowledge on the foundational elements of international trade.
