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The World Trade Geography: 1967-2011

Author

Listed:
  • Deniz Ünal

Abstract

The remarkable changes in the distribution of wealth and trade flows in recent decades are subject to abundant interpretations as a shift of the world economy gravity center towards Asia. Using CHELEM and BACI databases of CEPII this panorama examines and illustrates major geographical trends of the international trade in a coherent and comprehensive framework. The shifting of the center of global economy to Asia appears then as a natural phenomenon given the size of its population. A detailed analysis places each country on the world trade map. It appears that the globalization of trade flows has not erased the regional polarization; the major part of countries exports and imports mainly within their own geographical area. Despite globalization, intra-regional flows still dominate international trade. Developed later than in Europe or America, regional trade now accounts for more than half of Asian trade.

Suggested Citation

  • Deniz Ünal, 2014. "The World Trade Geography: 1967-2011," Panorama du CEPII, CEPII research center, issue 1.
    • Handle: RePEc:cii:cepipa:2014-01
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    More about this item

    Keywords

    International Trade; Regionalisation; Globalization; Trade Geography;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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