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:
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Population growth. World population has increased from 2.5 billion in 1950 to 6 billion in 2000.
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Real GDP growth. During the last 50 years real GDP has risen by a factor of six.
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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
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