General Introduction

Ali M. El-Agraa
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Ali M. El-Agraa: University of Leeds

Chapter 1 in International Trade, 1989, pp 1-21 from Palgrave Macmillan

Abstract: Abstract Over the past three decades or so, the world has experienced a growing interdependence of its economies, more so within the relatively more advanced nations. This growing interdependence has both led to and been brought about by the very rapid growth of world trade which rose by 571 per cent between 1950 and 1980, with world output rising by only 343 per cent. The USA is a good example of this growth since its ratio of imports to GDP rose from 3 per cent in 1960 to 10.7 per cent in 1980, and in 1980 25 per cent of all new cars bought in the USA were imported.

Keywords: International Trade; World Trade; Advanced Nation; European Free Trade Association; East African Community (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10206-8_1

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DOI: 10.1007/978-1-349-10206-8_1

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