In 1999 world trade (exports and imports) was approximately $11.4 trillion, almost triple the figure for 1980. Driven by inflation and higher prices for commodities such as oil, the value of world trade in U.S. dollars increased nearly tenfold between 1965 and 1985.
In the 20th century, trade has increased, becoming a more dominant segment of the world's economy. It is expected that the trend toward increasing interdependency among national economies will continue into the future.
CURRENCY
Argenina Peso
The Argentine peso, often denoted by ARS, is one of the official currencies in Argentina. At the dawn of the twentieth century, the Argentine peso was one of the most popularly traded currencies in the world. Unfortunately, the next hundred years were fraught with economic struggle: a focal issue surrounding the peso was a series of periods of hyperinflation that eventually led to great depreciation of the currency.
No comments:
Post a Comment