Figures 1-2 and 1-6 rely on data from 2010, and Figure 1-5 relies on data from 2005, to map worldwide trade, migration, and FDI. Updated data for migration and FDI were not available at the time this chapter was written, but it is available for worldwide trade. In this question, you are asked to update the numbers for world trade shown in Table 1-1.

a. From this table, what is the total amount of trade within Europe? What percentage is this of total world trade?
b. What is the total amount of trade (in either direction) between Europe and North America? Add that to the total trade within Europe, and calculate the percentage of this to the world total.
c. What is the total amount of trade within the Americas (i.e., between North America, Central America, South America, and within each of these regions)? What percentage of total world trade is this?
d. What is the total value of exports from Europe and the Americas, and what percentage of the world total is this?
e. What is the total value of exports from Asia, and what percentage of the world total is this?
f. What is the total value of exports from the Middle East and the Commonwealth of Independent States,13 and what percentage of the world total is this?
g. What is the total value of exports from Africa, and what percentage of the world total is this?
h. How do your answers to (b) through (h) compare with the shares of worldwide trade shown in Table 1-1?

Transcribed Image Text:

Intra- and Inter-regional Merchandise Trade, 2011 (Billions of U.S. Dollars Destination North America Central America Er CISAfrica East South and Middle Origin World North America South and Asia World $2,923 1,103 5749 201 $6,881 $530 $538 $672 $5,133 $17,816 382 15 37 63 476 2,282 Central America Europe Commonwealth of Independent States (CIS) Africa Middle East 200 119 21 199 18 194 169 639 181 138 4,667 234 750 6,612 43 102 107 906 789 594 660 1,251 922 110 152 242 2,926 5,538 409 205 158 24 21 110 154 12 19 10 189 146 38