Elucidate Participants in international trade of U.S.

Question

Elucidate Participants in international trade of U.S. and World Trade?

Answer 1

1. Global Perspective 6-1 shows the major participants in world trade.

2. New participants have become important, especially the Asian countries of Hong Kong, Singapore, South Korea, and Taiwan.  China is also emerging as important in global trade.  Collapse of communism has led to the emergence of former Soviet republics and Eastern bloc countries as world trade participants.