THE GROWTH AND PATTERNS OF INTERNATIONAL TRADE

THE GROWTH AND PATTERNS OF INTERNATIONAL TRADE

abstract

Over the last 40 years, there has been unprecedented growth in international trade, and this growth shows no signs of slowing. Increased trade has put tremendous strain on the maritime and port industries, which have responded with innovations, investment, and increased productivity. International trade and maritime trade are synonymous, and understanding the determinants of international trade is essential to comprehending maritime trade. In this paper, we review the international trade literature, focusing on trade determinants and the evolution of trade modeling. Then, in the context of primary determinants, we present a broad overview of the scope and growth of trade. The basic outcomes are as follows: (1) Commerce is

(2) Trade is dominated by a few countries that tend to remain dominant; (3) While trade of all products is growing, there are large differences in growth rates, but there is stability in the relative sizes of product markets; and (4) Over the last 40 years, trade has shifted from major flows between the United States and Europe to major flows between Asia and the United States.

CONTENTS TABLE

The First Chapter: Introduction

1.1 Background of the research

1.2 Definition of the problem

1.3 Purpose of the research

1.4 Importance of the research

1.5 Questions for Research

1.6 The Study’s Scope

1.7 Research Restrictions

1.8 Terms and Definitions

Second Chapter

2.0 Review of Literature

Third Chapter

3.0 Research Methodology

4th Chapter

4.0 Data

Analysis

5th Chapter

5.0 Synopsis, Conclusion, and Recommendations

Questionnaires and references