Remake of How does Global Trade of Materials, manufactured goods and services change over space and time? by Kevin Lock https://padlet.com/kevin_lock/qhabsodfn37x en-us 2017-11-06 08:22:46 UTC 2017-11-06 12:55:16 UTC hello@padlet.com Introduction - dimi kevin_lock https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768205 Global trade trends changed a lot over time as a result of globalisation, industrialisation and the growth of today's emerging economies. Before World War II, developed economies such as the USA, Britain and Japan were the main exporters of materials, goods and services. After the 50s, some countries underwent industrialisation and the world as a whole underwent globalisation. As a result of this manufacturing industrialisation, global trading patterns changed, making emerging economis (China, Brazil etc.) the main source of eports in the world. ]]> 2017-11-06 08:26:14 UTC https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768205 Paragraph 1: Materials - gvoul kevin_lock https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768232 The imports and exports of raw materials have changed overtime. Generally the gap between the imports and the exports in the EU has remained the same between 2005 to 2015. Between the years 2005-2008 there was a steady increase in both imports and exports. In 2008 there was a rapid decrease in imports and a mild decrease in exports. Then there was an increase between 2009 and 2011 and then until 2015 there has been a steady decrease. Overall the gap has remained the same]]> 2017-11-06 08:26:19 UTC https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768232 Paragraph 3: Services-theo kevin_lock https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768394 The contribution in commercial services has continued to rise for developing countries. This increase was mainly due to countries like China, India,  Hong Kong, South Korea and Thailand. Furthermore, the two major commercial services in these developing countries would be tourism and travel. Over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest growing economic sectors in the world. ‎Modern tourism is closely linked to development and a growing number ‎of new destinations.  International tourist arrivals grew by 4.6 % in 2015 to 1,184 million. In 2015, international tourism generated US$ 1.5 trillion in export earnings. There is a foretasted growth in international tourist arrivals of between 3.5% and 4.5% in 2018.
 

]]> 2017-11-06 08:26:57 UTC https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768394 Conclusion - dimi kevin_lock https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768421 Ultimately, trading patterns within the EU have not changed between 2005 and 2008 although it has been growing steadily since then. The global trade of manufactured goods has generally grown as the global economy has experienced constant growth since the end of the second world war and the patterns have changed. China and India are now the main exporters today. Lastly, services like travel and tourism have increaed in emerging economies over the years.]]> 2017-11-06 08:27:03 UTC https://padlet.com/kevin_lock/qhabsodfn37x/wish/203768421 Paragraph 2 : manufactured goods joe_cronin https://padlet.com/kevin_lock/qhabsodfn37x/wish/203832384 Trade in goods is defined as change in ownership of material resources between one economy and another. The global economy has grown continuously since the Second World War. Global growth has been accompanied by a change in the pattern of trade, which reflects ongoing changes in structure of the global economy. These changes include the rise of regional trading blocs, de-industrialisation in many advanced economies and the emergence of China and India. Trading blocs have been placed throughout the world which allows members of groups such as the EU or NAFTA can trade freely with eachother but non-members have trade barriers. Newly industrialised countries like India and China have dramatically increased their share of world trade and their share of manufacturing exports. China, in particular, has emerged as an economic super-power. China's share of world trade has increased in all areas, and not just in clothing and low-tech goods. For example, in 1995, the US had captured nearly 25% of global trade in hi-tech goods, while China had only 3%. By 2005, the US share had fallen to 15%, while China's share had risen to 15%.]]> 2017-11-06 12:28:44 UTC https://padlet.com/kevin_lock/qhabsodfn37x/wish/203832384