Академический Документы
Профессиональный Документы
Культура Документы
World Trade:
An Overview
Preview
The largest trading partners of the U.S.
Gravity model:
influence of an economys size on trade
distance and other factors that influence trade
2-2
2-3
2-4
2-5
2-6
2-7
2-8
2-9
2-10
2-11
2-12
2-13
2-14
2-15
2-16
2-17
2-18
2-19
2-20
2-21
Source: Richard E. Baldwin and Phillipe Martin, Two Waves of Globalization: Superficial Similarities, Fundamental
Differences, in Horst Siebert, ed., Globalization and Labor (Tubingen: Mohr, 1999).
Copyright 2009 Pearson Addison-Wesley. All rights reserved.
2-22
2-23
2-24
2-25
2-26
2-27
2-28
2-29
2-30
10
Source: J. Bradford Jensen and Lori G. Kletzer, Tradable Services: Understanding the Scope and Impact of
Services Outsourcing, Peterson Institute of Economics Working Paper 5-09, May 2005
Copyright 2009 Pearson Addison-Wesley. All rights reserved.
2-31
Summary
1. The 5 largest trading partners with the U.S.
are Canada, China, Mexico, Japan, and
Germany.
2. The largest economies in the EU undertake
the largest fraction of the total trade between
the EU and the U.S.
3. The gravity model predicts that the volume of
trade is directly related to the GDP of each
trading partner and is inversely related to the
distance between them.
Copyright 2009 Pearson Addison-Wesley. All rights reserved.
2-32
Summary (cont.)
4.
5.
6.
2-33
11
2-34
2-35
2-36
12