--%>

Major players in international trade today

Who are the major players in international trade today?  Besides Japan, what other Asian nations play significant roles in international trade?

E

Expert

Verified

The major players in international trade are the United States, Japan and Germany along with Canada and the members of the European Union.  China is an emerging power along with the newly industrializing economies of Hong Kong, Singapore, South Korea and Taiwan who have increased their share of global trade from about 3 percent of the total to 10 percent since 1972.

   Related Questions in Business Economics

  • Q : How will the system accommodate change

    How will the system accommodate change?

  • Q : Demand supply Newspaper item: “Due to

    Newspaper item: “Due to lower grain prices, consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork becoming cheaper after midsummer,” the Agriculture Department predicted. “This reflects increasing supply,” the department said. Does the statement use th

  • Q : Our junior high school serves a

    Comment on the following statement from a newspaper article:  “Our junior high school serves a splendid hot meal for $1 without costing the taxpayers anything, thanks in part to a government subsidy.”

  • Q : Introduction of the term combined

    Give a brief introduction of the term combined leverage? And in what manner it is calculated?

  • Q : Mixed Economy Define the term Mixed

    Define the term Mixed Economy and also state their advantages and disadvantages?

  • Q : How government might manipulate its

    Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?

  • Q : Qualitative and Quantitative data What

    What is the difference between qualitative data and quantitative data, provide an example of each.

  • Q : Loathed monopolization and viewed of

    Adam Smith and most of the typical economists who followed instantly in his footsteps: (i) viewed monopoly as no big problem. (ii) encouraged monopolies due to their research and development abilities. (iii) thought monopoly power was a communist plot

  • Q : Surpluses in the balance of trade The

    The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.

  • Q : Describe GDP gap and Okun’s Law

    Describe GDP gap and Okun’s Law?