2.2 world income and trade, log scale income (GDP)
Author : calandra-battersby | Published Date : 2025-05-28
Description: 22 world income and trade log scale income GDP trade export import Note in a log graph with time on horizontal axis the slope of the line reflects the growth rate 23b world trade and income growth 5year moving average
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Transcript:2.2 world income and trade, log scale income (GDP):
2.2 world income and trade, log scale income (GDP) trade (export + import) Note: in a log graph with time on horizontal axis the slope of the line reflects the growth rate 2.3b world trade and income growth; 5-year moving average, % production block country A firm 1 I. traditional production process inputs markets II. globalized fragmented production process production block 1 country A firm 1 production block 2 country B firm 1 production block 3 country C firm 2 production block 4 country A firm 1 inputs service link service link inputs inputs inputs service link markets service link 2.5 traditional and fragmented production processes The link between globalization and fragmentation is analyzed in Chapter 15 2.6 development of world income per capita; 0-2014, log scale 400 200 -400 -200 1 1000 1500 1600 1700 1800 1900 2000 % above world average % below world average (country = 100) Italy Iran Iraq Italy UK Netherlands Switzerland USA Australia Many Many Western Offshoots Australia New Zealand New Zealand Western Offshoots Other Africa China India Iraq 2.7 Leaders and laggards in income per capita: a widening perspective 2.8 carrying capacity of European merchant fleets; 1470-1780, metric tons 2.9 two waves of globalization; merchandise exports, % of GDP America export supply Britain import demand quantity price 2.10 international trade and market integration A rise in Britain import demand 2.12 London external bond spread; 1870-1940, fourteen core and empire bonds 2.13 foreign capital stock; assets / world income, 1860-2000 2.14 relative migration flows; western europe and western offshoots, 1870-2010 Russia Brazil S Africa China India Russia Brazil S Africa China India 2.16 global Gini coefficient; 1970-2050, base scenario 100 1,000 10,000 100,000 1,000,000 income level log scale 100 0 200 300 400 500 millions of people 2010 2020 2030 2040 2050 2.17 projection of world distribution of income, 2010 – 2015 100 1,000 10,000 100,000 1,000,000 income level log scale 60 0 120 millions of people 60 0 120 OECD OECD EA EA SA SA SSA SSA Year 2010 Year 2050 millions of people 1,000 10,000 100,000 1,000,000 income level log scale 2.18 projection of regional distributions of income, 2010-2050
