Patterns and Trends in World Trade

What this note covers

1. Overview: Why Trade Patterns Change
2. The Rising Share of Developing Economies
3. The Growth of Services Trade
4. Intra-Regional Trade Flows
5. The Role of Trade Agreements and the WTO
6. Shifting Composition of Goods Trade
7. Implications for Australia and Policy Responses

7 sections · 14 key terms & formulas · 6 common mistakes