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International Economics Second Edition Chapter 1 Trade in the Global Economy Copyright © 2011 by Worth Publishers Robert C. Feenstra and Alan M. Taylor.

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Presentation on theme: "International Economics Second Edition Chapter 1 Trade in the Global Economy Copyright © 2011 by Worth Publishers Robert C. Feenstra and Alan M. Taylor."— Presentation transcript:

1 International Economics Second Edition Chapter 1 Trade in the Global Economy Copyright © 2011 by Worth Publishers Robert C. Feenstra and Alan M. Taylor

2 Figure 1.1 The Changing Face of U.S. Import and Export Industries, 1925–2009 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

3 Figure 1.1 (a) The Changing Face of U.S. Import and Export Industries, 1925–2009 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

4 Figure 1.1 (b) The Changing Face of U.S. Import and Export Industries, 1925–2009 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

5 Figure 1.2 World Trade in Goods, 2006 ($ billions) Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

6 Table 1.1 Shares of World Trade, Accounted for by Selected Regions, 2006 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

7 Table 1.2 Trade/GDP Ratio in 2008 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

8 Figure 1.3 Trade in Goods and Services Relative to GDP Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

9 Figure 1.4 Average Worldwide Tariffs, 1860–2000 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

10 Figure 1.5 Change in the Value of Trade, 2007–2009 (percent) Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

11 Figure 1.6 Foreign-Born Migrants, 2005 (millions) Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

12 Figure 1.7 Stock of Foreign Direct Investment, 2006 ($ billions) Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

13 Table 2.1 U.S. Imports of Snowboards, 2005 and 2009 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

14 Table 2.2 Apparel, Textiles, and Wheat in the United States and China Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

15 Figure 2.7 Labor Productivity and Wages, 2001 Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

16 Figure 2.8 Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

17 Figure 2.8 (a) Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

18 Figure 2.8 (b) Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

19 Figure 2.8 (c) Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

20 Figure 2.8 (d) Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

21 Figure 2.8 (e) Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

22 Figure 2.8 (f) Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

23 Figure 2.8 (g) Labor Productivity and Wages over Time Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

24 Figure 2.12 (a) Relative Price of Primary Commodities Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

25 Figure 2.12 (b) Relative Price of Primary Commodities Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers

26 Figure 2.12 (c) Relative Price of Primary Commodities Feenstra and Taylor: International Economics, Second Edition Copyright © 2011 by Worth Publishers


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