1) Use the “value” measure of trade to compare regions of the world listed in the pop-up menu (you can choose which regions you’d like to compare). Among the regions you have chosen to compare, which regions have recently experienced the greatest growth in international trade flows? The least? In which regions has growth in international trade been more variable? The least?
2) Using the “volume” measure of trade, which regions of the world have recently experienced the greatest growth in international trade flows? The least growth? In which regions has international trade been most variable? Lest variable? Does is matter which measure of trade – value versus income – is used?