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Published in:
1998 | OriginalPaper | Chapter
International Trade and Payments
Author : Ramesh F. Ramsaran
Published in: An Introduction to International Money and Finance
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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As indicted in the previous chapter, one of the salient features of the post-war period has been the rapid expansion of international trade. Between 1985 and 1995, for example, the value of world merchandise exports grew from US$1860 billion to around US$5000 billion or by more than 150 per cent.