3.4. International Pattern of Trade

1) On account of globalisation of agricultural and industrial products, the international trade become highly complex.

2) Fast Growth Rate: The volume of trade is growing very fast.

3) The rate of growth of export trade is almost double that of production rate.

4) The rate of growth of export trade is many times more than the rate of growth of world population.

5) About 25 per cent of world production has now entered international trade.