Q:

What is one of the benefits of the current pattern of global trade?

A:

Quick Answer

According to the World Trade Organization, the current pattern of global trade stimulates economic growth. The current pattern of global trade causes interdependence among countries for manufactured goods and aid. Global trade promotes domestic competitiveness and stabilizes market fluctuations.

Continue Reading

Full Answer

The current pattern of global trade promotes China's share in world trade and manufacture of exports. Global trade also causes the emergence of regional trading blocs and improves economic and political relationships. Because of the current pattern of global trade, technology and globalization have become more significant, leading to diverse societies, according to Wikipedia. The current pattern of global trade also limits trade deficits and surpluses.

Learn more about Economics

Related Questions

Explore