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1. Figures 1-2 and 1-6 rely on data from 2010, and Figure 1-5 relies on data from 2005, to map worldwide trade, migration, and FDI. Updated data for migration and FDI were not available at the time this chapter was written, but it is available for worldwide trade. In this question, you are asked to update the numbers for world trade shown in Table 1-1. a. Go to the World Trade Organization’s website at http://www.wto.org, and look for its trade data under “Documents and resources†then “International trade statistics.†Look for the most recent edition of its International Trade Statistics publication, then go to “Trade by region,†and find the Excel spreadsheet with “Intra- and interregional merchandise trade.†Print out this table. If you cannot find the website or spreadsheet, use the 2011 table for “Intra- and Inter-Regional Merchandise Trade†that appears below to answer the following questions.12 b. From this table, what is the total amount of trade within Europe? What percentage is this of total world trade? Answer: The total amount of trade within Europe is $4,667 billion. This is 26.2% of the world total trade. (The total world trade is $17,816 billion. Share = $4,667/17,816 = 26.2%.)
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