impact of emerging economies

• What do countries need to do when they grow economically?

  Import and export more goods and services
• How do emerging economies affect trade patterns?

  They increase their share of imports and exports
• Which country is given as an example of an emerging economy?

  China
• Why is international trade more important for developing countries?

  It contributes 20% to LDC economies
• What percentage does international trade contribute to the US economy?

  8%
• What has the collapse of communism led to in terms of world trade?

  More countries participating in world trade
• What are the implications of economic growth on trade for countries?

  • Increased need for imports
  • Increased need for exports
  • Shift in trade patterns
• What is the significance of emerging economies in global trade?

  • They take a larger share of trade
  • They influence global trade dynamics
  • They contribute significantly to LDC economies