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Part of the book series: ZEW Economic Studies ((ZEW,volume 26))

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Abstract

Between 1950 and 1999 total world trade has risen by a factor of 14 (Nordström and Vaughan, 1999). The major drivers of world trade expansion are:

  • Population growth. World population has increased from 2.5 billion in 1950 to 6 billion in 2000.

  • Real GDP growth. During the last 50 years real GDP has risen by a factor of six.

  • Globalisation. World integration has proceeded considerably during this period, mainly due to the reduction in trade barriers, and transportation and communication costs.

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Kouvaritakis, N., Stroblos, N., Paroussos, L., Tsallas, S. (2004). Trade Policy. In: Böhringer, C., Löschel, A. (eds) Climate Change Policy and Global Trade. ZEW Economic Studies, vol 26. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2654-8_3

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  • DOI: https://doi.org/10.1007/978-3-7908-2654-8_3

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-0171-2

  • Online ISBN: 978-3-7908-2654-8

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