Problem
Describe how the world has changed in terms of global trade in the past 10 years. Based on the assigned readings, what do you think developed countries such as the United States, Japan, Germany, and England will face in terms of competition from emerging markets? What do you see in terms of trade distribution? Is it going to shift from the traditional developed countries to developing and the least developed countries? How will endowments affect the shift?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.