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International Trade: Free, Fair and Open? by Ralph Lattimore, Patrick Love

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3. The State of World Trade

Every nation in the world participates in international trade to some extent. And practically every product is either traded or relies on components from international suppliers. Trade is not just about physical goods, though. Knowledge and experience can be bought and sold internationally as well. So too can the many services we rely on each day. The world’s richest countries still dominate international trade, but their position is being challenged by emerging economies in what is still referred to as the “developing world”.

By way of introduction…

In September 2008, the BBC launched an ambitious project to follow The Box. The Box in question was an ordinary shipping container, except it had been painted ...

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