-Different nations have and lack different resources, thus needing trade to export surplus to gain resources and money that they need.
-Poorer countries are often left out of global trade because they have less to offer, because of this causes many problems for the world to think about.
In the early 1900's transportation was improving so world trade was easier and faster.
Now World Trade is used in many different ways, for money, to import resources and to isolate other nations for example North Korea and Cuba.
A couple of areas for further research- How World Trade developed over the years (for example what innovations improved global trade) and what are some problems that come from Global trade
I am most interested in what nations need and what they have, also how much money can come from some resources
2 comments:
Were there any new modes of transportation that aided in international trade? (the airplane)
Nice start! You mentioned that poorer countries are left out of global trade. Do you think there is a way to remedy this? If so, why is it important for as many countries as possible to be incorporated in global trade?
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