![]() ![]() According to recent estimates, about 30% of the value of global exports comes from foreign inputs. ![]() The production chains for these goods and services are becoming increasingly complex and global. Trade transactions include both goods (tangible products that are physically shipped) and services (intangible commodities, such as tourism and financial services).The second wave started after the Second World War, and is still continuing. ![]() The first wave started in the 19th century, and came to an end with the beginning of the First World War.
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