1. Figures 1-2 and 1-7 rely on data from 2006, and Figure 1-6 relies on data from...

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1. Figures 1-2 and 1-7 rely on data from 2006, and Figure 1-6 relies on data from 2005, to map worldwide trade, migration, and foreign direct investment. Updated data for migration and foreign direct investment were not available at the time this chapter was written, but it is available for worldwide trade. In this question, you are asked to update the numbers for world trade shown in Table 1-1.

a. Go to the World Trade Organization website at http://www.wto.org, and look for its trade data under “Resources” and

“Statistics.”11 Look for the most recent edition of its International Trade Statistics publication, go to “Trade by region,” and find the Excel spreadsheet with “Intra- and interregional merchandise trade.” Print out this table.

If you cannot find the website or spreadsheet, use the 2008 table for “Intra- and Inter-Regional Merchandise Trade” that appears below:

b. From this table, what is the total amount of trade within Europe? What percentage of total world trade is this?

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International Economics

ISBN: 9781429231183

2nd Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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