https://padlet.com/kevin_lock/je2qskixuqtt Made with a lightning strike of genius en-us 2017-10-30 07:29:11 UTC 2017-11-06 08:16:57 UTC hello@padlet.com kevin_lock https://padlet.com/kevin_lock/je2qskixuqtt/wish/201643890 Over the years global trade has changed drastically. As the years have passed, industrialisation and advancements in technology have helped make the world more efficient and have increased globalisation. The patterns varied after the second world war when the then global superpowers were heavily industrialized and provided employment for people in then developed countries. Since then these countries have outsourced in developing countries for taking advantage of cheap labour. The concept of industrialization has increased in developing countries such as Sri Lanka and China, whilst countries like the USA are facing deindustrialization with the rise of tertiary sector business controlling manufacturing sectors in developing countries. Trade is worldwide but are increasingly being exported from developing countries. There is a general trend of rise of secondary sector in developing and rise in tertiary services in developed countries. ]]> 2017-10-30 10:06:43 UTC https://padlet.com/kevin_lock/je2qskixuqtt/wish/201643890 kevin_lock https://padlet.com/kevin_lock/je2qskixuqtt/wish/201644005 The share of agricultural products increased slightly, whereas the share of fuels and mining products decreased. World exports of iron and steel were badly affected by the fall in price for steel and a decline in demand. Export trade decreased, Asia and Europe were the main contributors in 2011 that set exports at 5.5. But by 2015, export trade decreased to 3 with Asia's contribution halving.

Imports also decreased to 5 in 2011 when Asia was the biggest contributor. Now, in 2015 Asia's contribution went from 1.5 to 0.5. And Europe's import trade increased from approximately 1 in 2011 to 1.5 in 2015. ]]> 2017-10-30 10:07:17 UTC https://padlet.com/kevin_lock/je2qskixuqtt/wish/201644005 kevin_lock https://padlet.com/kevin_lock/je2qskixuqtt/wish/201644178 Global flows of manufactured good have increased a lot from the 20th to 21st century. this growth (in clothes and electronics) was initially fueled by China, but now happen in countries such as Bangladesh were labor costs even lower.  60 years ago, most of the manufactured goods were produced and sold in Europe, Japan and North America. These factories used raw materials from Asia, South America and Africa. These unbalanced trade flows assisted in the development of the core periphery system. The global pattern of trade has transformed South Korea and China, causing a rise in the trade of electronic equipment. India is one of the world's fastest growing car markets and Nigeria, South Africa and Egypt have been viewed as important markets by manufacturing companies. ]]> 2017-10-30 10:07:58 UTC https://padlet.com/kevin_lock/je2qskixuqtt/wish/201644178 caroline_kerr2 https://padlet.com/kevin_lock/je2qskixuqtt/wish/203753279 Overall there has been an increase for services in both emerging and developed countries. For instance tourism and travel in developing countries has increased, this is because these places have become more accessible than ever before, travel agencies have attracted people's attention to countries such as Taiwan and the Maldives by offering cheaper prices on tickets, or cheaper accommodation. These are countries of different nature that people would anyways want to visit, but perhaps it would be too much of a hassle for them to do so, so travel agencies 'advertise' these countries.]]> 2017-11-06 07:14:36 UTC https://padlet.com/kevin_lock/je2qskixuqtt/wish/203753279 nikolas_douzenis https://padlet.com/kevin_lock/je2qskixuqtt/wish/203753349 In short, the Global trade of materials, manufactured goods and services have changed over time. Due to technological breakthroughs which have helped make the production of goods and services more efficient, hence causing an increase in globalisation.  Moreover, the trade of farming materials whilst fuel and mining trade has been reduced. The trade of manufactured goods including clothes and electronics was primarily based in China but has moved to other countries such as Bangladesh. Finally emerging economies like the ones in Asia have increased their exports to developing countries and decreased their exports to developed countries. ]]> 2017-11-06 07:15:01 UTC https://padlet.com/kevin_lock/je2qskixuqtt/wish/203753349