International trade and conditions of agricultural production after the return of the millenium

Tömpe, Ferenc

The growth of the world market stopped after the turn of the millennium as a consequence of several non economical causes, which reduced the demand, rendered uncertain producers and consumers, general reticence. The regression of dynamics in effectiveness ensued with perfect synchrony over all decisive world centres of economy, which is a convincing sign of their mutual interdependence explained with the progress of globalisation.

The general recession caused also a decline in world trade especially in the decisive regions. Less developed regions were less affected, thus the relative importance of some regions increased (Latin-America, East-Central-Europe, countries of South-East Asia without Japan).

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