Global Trends in Trade and Transportation

An overview of recent trends in international trade and transportation is presented in this paper. The goal is two-fold. First, changes in international trade and integration are documented and these changes have particularly interesting consequences for transportation demand. Second, the paper describes how international transportation demand itself has changed and it provides a forward look into likely future changes. The basic insights of this paper are these. International trade has rapidly grown, driven primarily by growth in manufacturers. The composition of trade has changed in important ways that affect transportation demand. Goods are light, and manufacturing exports embody a growing share of foreign inputs. But for all the talk about a new era of globalism, trade frictions remain significant: most firms serve only domestic markets; borders still matter; distance maintains a surprisingly strong grip on trade; and trade spells are very short, especially for “new” and small-valued flows.

Language

  • English

Media Info

  • Media Type: Print
  • Features: Bibliography; Figures; Tables;
  • Pagination: pp 15-35
  • Monograph Title: Benefiting from Globalisation. Transport Sector Contribution and Policy Challenges

Subject/Index Terms

Filing Info

  • Accession Number: 01140713
  • Record Type: Publication
  • ISBN: 9789282101681
  • Files: TRIS
  • Created Date: Sep 25 2009 2:24PM