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.
KeywordsEuropean Union World Trade Organisation Trade Policy Free Trade Agreement Tariff Rate
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