Features of world trade patterns

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  • Created by: noahsam
  • Created on: 09-03-17 11:25
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  • Features of World Trade Patterns
    • Primary product dependency for many poorer countries
    • Prices controlled on world markets out of poorer country's control
    • Rich world dominated by manufactured goods & services
    • Greater likelihood of tariffs or quotas imposed by the richer world
    • Poor world trade deficit
    • Rich world trade surplus

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