Changes in the World Trade in 1950-2004

Bank i Kredyt, No. 4, pp. 67-83, 2007

17 Pages Posted: 7 Sep 2007

See all articles by Elzbieta Czarny

Elzbieta Czarny

Warsaw School of Economics (SGH)

Katarzyna Sledziewska

University of Warsaw - Department of Economics and Business

Abstract

We analyze the increase in the world trade of goods in the period 1950 - 2004. We present changes in geographic structure of the continents being the biggest exporters and importers. Our analysis shows that at the beginning of the 1950. the world trade was dominated by Europe and North America. In 2004 Europe still stays a leader, but North America lost its position in favour of Asia, whose expansion of trade is a proof of the high level of its modernization. The other continents (Africa, South America) do not take part in the international labour division and world trade very intensively. However, international trade liberalization under the auspices of WTO/GATT causes their more intensive involvement in the world trade.

Keywords: international trade, net export, net import, trade balance

JEL Classification: F12

Suggested Citation

Czarny, Elzbieta and Sledziewska, Katarzyna, Changes in the World Trade in 1950-2004. Bank i Kredyt, No. 4, pp. 67-83, 2007, Available at SSRN: https://ssrn.com/abstract=1011705

Elzbieta Czarny (Contact Author)

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

Katarzyna Sledziewska

University of Warsaw - Department of Economics and Business ( email )

Warsaw, 00-241
Poland

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