Source: ThomasNet Industrial News Room

By David R. Butcher

Rising global trade numbers reflect changes at home and abroad, simultaneously highlighting the growing international importance of developing countries. As countries' economic prospects shift their roles in global trade, relationships between nations continue to evolve. Meanwhile, the WTO and trade policies such as NAFTA and CAFTA matter even more.

By 2030, the global Gross Domestic Product (GDP) is expected to more than double its size in 2005, growing to $72 trillion from $35 trillion, according to the World Bank's latest report on global economic prospects, entitled "Global Economic Prospects 2007: Managing the Next Wave of Globalisation."

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Posted by pichu at January 16, 2007 9:55 PM