Trade and Globalization

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Trade and Globalization 1Trade and Globalization TABLE OF CONTENTSTRADE AND Globalization ........................................ ........................................ ............................... 2 INTRODUCTION ........................................ ........................................ ........................................ ........................................ ............................. 2 A SNAPSHOT OF Trade ........................................ ........................................ ........................................ ........................................ ........ 3 PRIMER 1: THE ECONOMICS OF international Trade ........................................ ........................ 8 international Trade IN HISTORY.

international trade experienced a contraction of 12.2 percent in 2009—the steepest decline since World War II—trade is again on the upswing.2 As a result of international trade, consumers around the world enjoy a broader selection of products than they would if they only had access to domestically made products.

  International, Trade, International trade