3. How is trade different today from how people traded in the past?
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Less than 20% of goods trade today is based on companies seeking the lowest wages around the world. Goods trade is becoming more intraregional as companies build regional supply chains near their key consumer markets. ... Traded services and cross-border data flows are growing much faster than trade in goods.
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Less than 20% of goods trade today is based on companies seeking the lowest wages around the world. Goods trade is becoming more intraregional as companies build regional supply chains near their key consumer markets. ... Traded services and cross-border data flows are growing much faster than trade in goods.
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