Geography 2143A/B Lecture Notes - Royal Dutch Shell, Transfer Pricing, Ballpoint Pen
27 Mar 2014
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China and us slugging it out for #1; japan is #3. You have the same regions that don"t fare well (e. g. africa, south america) History of world gdp from the year 1. Beginning of current last 2000 years concentrated there. China and india were the big players because world"s population was. But relative shares of india and china still dominant. Us starts to take major role after wwi. In the last 2 decades: increase in terms of productivity (probably something to do with computerization) World economy becoming more and more interconnected over time. Increases in global trade are good (from economic perspective, not cultural perspective) We had major recession in 2008; in 2009 and the year subsequently, there"s been rebound in world trade. Merchandise exports as a % of world exports. Wto: most of the exports was merchandise; not services. Around 2000: china"s line starts to go almost vertical; becomes an really powerful trading partner.
