Trade

Below are listed some key feautures of the global distribution of trade:

• Trade volume is expaning. More countries are exploiting their resources and selling them on the world market or producing goods that are in global demand
• Visible trading (trading in resources and products) is dominated by the north (please see previous blog post regarding the north south divide). However favourable trade balances are not exclusive to it (exports exceeding imports).
• The pattern of world trade is influenced by three trading blocs, The Global Triad
• There is a rise in invible trading (services) which makes a large component of global trade
• Trade is made up largely of two-way flows of goods and services, the flows between two countries are rarely evenly balances

Taken from Global Challenge, A. McNaught & M. Witherick, 2005