Question

More than half of the exports from developing nations go to developed nations, and:

A. this proportion has been declining over the past 35 years.

B. approximately 70 percent of exports from developed economies also go to other industrialized nations.

C. the proportion of world trade accounted for by members of regional trade agreements has grown to nearly 50 percent.

D. all of the above.

E. two of A, B, and C.

Answer 1

Trade between developed and developing nations is significant, with over half of exports from developing nations heading to developed ones. Large economies engage less in trade relative to their GDP compared to smaller countries that rely on cross-border trade.

Step-by-step explanation:

Trade dynamics between developed nations and developing nations are complex and have evolved over time. More than half of the exports from developing nations are sent to developed nations. On the other hand, developed countries also trade extensively among themselves, with a significant proportion of their exports going to other industrialized countries. Additionally, the role of regional trade agreements has increased, indicating growth in the level of trade within specific regions. The export/GDP ratio has generally risen, indicating an increase in the reliance on trade, with a notable distinction between large economies, such as the United States, and smaller economies, like Belgium, Korea, and Canada, which are more reliant on cross-border trade.