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Economic Theories Consider the Extent to Which Economic Theories Effectively Explain the Changing Patterns of Trade in Recent Years. In recent years, there has many changes in international trade, from the dotcom revolution leading to E-commerce, and finally the most recent change is international trade is globalisation, which has developed over many decades. There have been new trade pattern such as third world countries participating in international trade. Developing countries joining union's i.e. countries join European union to cut down trade barriers A trade pattern is what goods and services a country will trade, and with whom, and in what direction. The trade pattern is one of the major purposes of trade theory, especially which goods a country will export and which it will import. This may be done directly, as the commodity pattern of trade, in indirectly as the factor content pattern of trade. Indeed there are many trade patterns intra...

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