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INTERNATIONAL TRADE STATISTICS Trade is a basic condition for economic development Trade spurs specialisation, allowing countries to focus on their products, having the possibility to import goods difficult to produce (i.e. lack of raw materials, of experienced workers) Massimiliano Di Pace 1 INTERNATIONAL TRADE STATISTICS Liberal trade policies, that allow goods and services flow unrestricted, sharpen competition, motivate innovation and breed success Massimiliano Di Pace 2 INTERNATIONAL TRADE STATISTICS In fact, data show a definite statistical link between freer trade and economic growth Growth of world GDP is associated with an even higher growth in international trade Economics tells us that we can benefit when goods and services are traded Massimiliano Di Pace 3 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 4 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 5 INTERNATIONAL TRADE STATISTICS The liberalisation of trade has been promoted by the establishing of free trade areas Having the possibility to export easily in countries members of the same free trade area, it becomes easier even to export elesewhere Nowadays there are more than a dozen of free areas Massimiliano Di Pace 6 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 7 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 8 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 9 INTERNATIONAL TRADE STATISTICS The flows of merchandise is relevant not only among countries of the same area or of the same continent, but also between continents and free trade areas Massimiliano Di Pace 10 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 11 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 12 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 13 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 14 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 15 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 16 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 17 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 18 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 19 INTERNATIONAL TRADE STATISTICS The ratio of exports and imports of goods and commercial services to GDP is often used to indicate the openness of an economy However, results should not be interpreted as a trade policy indicator (i.e. Usa shows a relatively low ratio despite its openness to trade, as reflected by its low tariffs) Larger economies tend to show a relatively small ratio Massimiliano Di Pace 20 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 21 INTERNATIONAL TRADE STATISTICS Eu plays an important role in world trade Massimiliano Di Pace 22 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 23 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 24 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 25 INTERNATIONAL TRADE STATISTICS Massimiliano Di Pace 26
