Trade and Tariff History

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World trade has grown steadily since the 1950s, moving rapidly upward by the 1990s. This is in large part due to two factors: economic growth in developing

World trade has grown steadily since the 1950s, moving rapidly upward by the 1990s. This is in large part due to two factors: economic growth in developing countries and increased trade between wealthier nations. Trade is increasing because nations on average are becoming wealthier, transportation costs are falling, and barriers to trade, such as tariffs, have been falling.

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