World Trade Flows in XX Century
Keywords:World Trade, Gross Domestic Product, Goods, Exports, Imports
International trade represents the exchange of goods and services across state borders. In most countries, it forms a significant part of Gross Domestic Products (GDP). Although international trade has been presented throughout history, its economic, social, and political importance has increased in recent centuries, mainly due to industrialization, transport development, globalization, and multinational corporations. The work is planned methodologically to be explored through the graphic method, the method of index numbers and the average annual rate of change, and the trend method. The analysis of work is divided over the period. The first period is considered from 1948-1999, the second period from 1980-1999. In the 20th century, there were significant changes in the structure of international trade. By the 1960s, dominant products in international trade were primary products (raw materials), while from that period the international trade was dominated by industrial products.
Cite this paper:
Ibrahimi, Agron; Jankovic, Marija (2021). "World Trade Flows in XX Century" Journal of World Economy: Transformations & Transitions (JOWETT) 1(02):07. DOI: https://doi.org/10.52459/jowett1271121
Balšić Smiljana, 2014. “Makroekonomski aspekti međunarodne trgovine”, Ekonomija teorija i praksa, 7 (1), pp. 53-68. Available at: https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2014/2217-54581401053B.pdf
Dragutinović-Mitrović R.; Bošković O., 2016. “Osnovi statističke analize-Elementi analize vremenskih serija”, sedmo izdanje, Ekonomski fakultet Beograd.
Emina Resić, 2012. “Statističke metode za donošenje odluka”, Priručnik, Ekonomski fakultet, Univerzitet Sarajevo.
Mann S., 2009. “Introduction into statistics – the sixth edition, translated edition”, School of Economics Belgrade, Belgrade.
Ohlin, B., 1933. Interregional and International Trade. Cambridge: Harvard University Press.
Rybczynski, T.M., 1955. “Factor Endowments and Relative Commodity Prices”. Economica 22, 336-41.
Samuelson, P. A., 1948. “International Trade and the Equalization of Factor Prices”. Economic Journal 58, 163-84.
Samuelson, P. A., 1949. “International Factor-Price Equalization Once Again”. Economic Journal 59, 181-97.
United Nations Development Program, 1999. Human development report 1999, Available at: http://hdr.undp.org/sites/default/files/reports/260/hdr_1999_en_nostats.pdf (accessed march 13, 2016).
United Nations Development Program, 2001. Human development report 2001. Available at: http://hdr.undp.org/sites/default/files/reports/262/hdr_2001_en.pdf (accessed march 13, 2016).
International trade statistics, 2000. World Trade Organization – WTO. Available at: https://www.wto.org/english/res_e/statis_e/stats2000_e.pdf (accessed march 13, 2016).
Copyright (c) 2021 Agron IBRAHIMI, Marija JANKOVIC
This work is licensed under a Creative Commons Attribution 4.0 International License.