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  • 标题:The Increasing Importance of Services Expenditures and the Dampening Effect on Global Trade
  • 本地全文:下载
  • 作者:Logan T.Lewis ; Ryan Monarch ; Michael Sposi
  • 期刊名称:Chicago Fed Letter
  • 印刷版ISSN:0895-0164
  • 出版年度:2021
  • 卷号:2021
  • 语种:English
  • 出版社:Federal Reserve Bank of Chicago
  • 摘要:Globalization, particularly through international trade in goods, has helped to foster the creation of tremendous amounts of wealth and prosperity across much of the globe while lifting sizable portions of the world’s population out of poverty. In particular, the latter half of the twentieth century delivered unprecedented rates of increased economic integration among many countries. Access to global markets supported the industrialization of emerging economies and opened up new markets for firms in wealthier countries. As a result of the expansion of international trade and competition, consumers in rich and poor countries alike gained in terms of greater purchasing power, better-quality products, and more product varieties.
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