Massimiliano Di Pace1 INTERNATIONAL TRADE STATISTICS Trade is a basic condition for economic...
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Transcript of Massimiliano Di Pace1 INTERNATIONAL TRADE STATISTICS Trade is a basic condition for economic...
Massimiliano Di Pace 1
INTERNATIONAL TRADE STATISTICS
Trade is a basic condition for economic development
Trade spurs specialisation, allowing countries to focus on their products, having the possibility to import goods difficult to produce (i.e. lack of raw materials, of
experienced workers)
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INTERNATIONAL TRADE STATISTICS
Liberal trade policies, that allow
goods and services flow unrestricted, sharpen competition, motivate innovation and breed
success
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INTERNATIONAL TRADE STATISTICS
In fact, data show a definite statistical link between freer trade and economic growth
Growth of world GDP is associated with an even higher growth in international trade
Economics tells us that we can benefit when goods and services are traded
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
The liberalisation of trade has been promoted by the establishing of free trade areas
Having the possibility to export easily in countries members of the same free trade area,
it becomes easier even to export elesewhere
Nowadays there are more than a dozen of free areas
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
The flows of merchandise is relevant not only among countries of the same area or of the
same continent, but also between continents and free trade areas
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
The ratio of exports and imports of goods and commercial services to GDP is often used to indicate
the openness of an economy
However, results should not be interpreted as a trade policy indicator (i.e. Usa shows a relatively low ratio despite its openness to trade, as reflected by its low
tariffs)
Larger economies tend to show a relatively small ratio
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
Eu plays an important role in world trade
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS
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INTERNATIONAL TRADE STATISTICS