Global features and trends in volume and pattern of international trade and investment
Countries buy and sell goods, services, and investments across borders. The total amount of this trade has grown enormously since 1950, but the flow of money is not spread evenly around the world.
Real World
China's share of world merchandise exports grew from under 2% in 1990 to over 14% by 2022, making it the world's largest goods exporter and reshaping global supply chains in electronics, textiles, and steel.
Exam Focus
Distinguish clearly between trade in goods and trade in services — confusing the two is a common error that loses marks on data-response questions.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
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