what is the relation between trade and world output?
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Trade allows countries to specialize in the good(s) in which they have a comparative advantage (Ricardian Trade Theory). This increases the overall output of the world.
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The world Economy is a triangular Society:-\n\nThe Very Rich  >>> 20%\n\nThe Rich >>>> industralized nations  45%\n\nThe Poor & the Very Poor >>> 3rd & 4th World 35%
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balance of payment is the document which has a complete record of the transactions that take place between the home country and rest of the world(ROW)\nit consists of the balance of trade which can be adverse , favourable or balanced , and thus by studying it we can correct deficits if any.\ni hope this helps!
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GATT (General Agreement on Tariffs and Trade) was the predecessor to the WTO (World Trade Organisation).\n\nAPEC (Asia-Pacific Economic Co-operation) hold annual meetings in each of the member countries.  See here for a list of the current members and more details:\nhttp://en.wikipedia.org/wiki/Asia-Pacific_Economic_Cooperation\n\nAFTA is the ASEAN (Association of Southeast Asian Nations) Free Trade Area.  See here for a list of ASEAN members:\nhttp://en.wikipedia.org/wiki/Association_of_Southeast_Asian_Nations\n\nBIMP stands for Brunei, Darussalam, Indonesia, Malaysia, and the Philippines.
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GNP is the total amount of goods produced in a Country, per capita means GNP divided between all the persons in the country
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here is some help! hope it answers your question!\n\nThere is no simple answer to your question. The most common measure of\nthe money in an economy is gross product, in this case gross world\nproduct. Gross world product means the sum of the value of all the\ngoods and services produced in the world, including investments. The\nCIA (http://www.cia.gov/cia/publications/factbook/geos/xx.html) says\nthat gross world product in 2000 was an estimated $43.6 trillion in\nU.S. dollars. For an explanation of gross domestic product, the\ncountry-level equivelant of gross world product, see\n(http://www.pbs.org/wnet/moneyshow/mba/040601.html).\n\nMost of that $43.6 trillion is not cash. Economists can estimate the\namount of cash -- currency, checking accounts and traveler's checks\nwith a statistic called the M1 money supply. Adding money in money\nmarket funds, savings accounts and small CDs gives us the M2 money\nsupply. See http://www.howstuffworks.com/question237.htm.\n\nI was unable to find a world figure for money supply; most economists\nare interested in how much its changing rather than the total number\nof trillions of dollars. The U.S. M1 money supply was $1.182 trillion\nin May 2002 (see http://www.stls.frb.org/fred/data/monetary/m1sl) and\nthe M2 money supply $5.543 trillion\n(http://www.stls.frb.org/fred/data/monetary/m2sl).\n\nI hope this satisfies your curiosity.\n\nSearch strategy:\n\nGross world product\nhttp://www.google.ca/search?q=gross+world+product&ie=UTF-8&oe=UTF8&hl=en&meta=\n\nCalculating gross world product\nhttp://www.google.ca/search?q=calculating+gross+domestic+product&hl=en&ie=UTF-8&oe=UTF8\n\nworld money supply trillion\nhttp://www.google.ca/search?hl=en&lr=&ie=UTF-8&oe=UTF8&q=world+money+supply+trillion&sa=N&tab=gw\n\nworld gdp money supply\nhttp://www.google.ca/search?hl=en&ie=UTF-8&oe=UTF8&q=world+gdp+money+supply&meta=\n\nM1 Canada United States France\nhttp://www.google.ca/search?hl=en&ie=UTF-8&oe=UTF8&q=m1+canada+united+states+france&meta=\n\nMoney supply Canada United States France\nhttp://www.google.ca/search?q=money+supply+canada+united+states+france&hl=en&lr=&ie=UTF-8&oe=UTF8&start=10&sa=N\n\nworld money supply\nhttp://www.google.ca/search?q=world+money+supply&hl=en&ie=UTF-8&oe=UTF8\n\nM1 money supply\nhttp://www.google.ca/search?q=M1+money+supply&hl=en&ie=UTF-8&oe=UTF8
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Exports:    \n$1.016 trillion f.o.b. (2005 est.)  \n\nmanufactures 89.3% (including machines and machine tools, chemicals, motor vehicles, iron and steel products), agricultural products 5.5%, raw materials 2.7%, fuels 1.3% (1993) \n\n\nImports:    \n$801 billion f.o.b. (2005 est.)
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trade relates directly to balance of payment by demand. when demand is high trade can allow delayed payment or indirect payments thst eventually decrease the "balance of payment" at a faster rate(interest, barter, etc.) the reverse in true when demand is low.
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The World Bank's data is at the first link.  Click on "Balance of Payments."  You'll need either Excel or Acrobat Reader.\n\nYou can find its major trading partners at the second link.  Scroll down.\n(Exports - partners:   US 21.2%, Japan 13.3%, Australia 8.4%, China 7.5%, Singapore 5.3%, Germany 5% (2005); Imports - partners:  China 16.3%, Singapore 12.8%, Taiwan 11.7%, Japan 10.4%, South Korea 9.9%, Thailand 6.8% (2005)  )\n\nAnd you can use the World Bank main data page, and the CIA Factbook main page, to search out the other stuff.
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It has made reliable freight transportation more important.  \n\nIf a country cannot safely and effectively move its goods to a country that is buying, the buying country is going to find another supplier.  \n\nThe way it used to be, if you found a source for a product you were stuck with them until you found another source.  Now, with the world economy opening goods are becoming easier to find.  Because of that exporting countries have to make sure that the transactions are a smooth as possible.  The first step is to make sure they have good, reliable transportation.
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Not sure I understand your question.  Gross Domestic Product is the sum of all production in a country, usually expressed annually.  Business cycle is the pattern of expansion and recession.  It may be reflected in growth and contraction of the GDP.
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Globalization is expanding trade between countries throughout the world, but not just trade as in material goods, but culture and knowledge too. The positives are that things tend to become cheaper in general, and relations between countries improve, and cultural trade increases, so people tend to become more tolerant and smarter. The negatives are that industries in a certain country might disappear because of competition from other countries (like fruits in America due to competition from Mexico, for example), and that people tend to become less tolerant because they're forced to meet more people that they'd rather not. So, it's good in general, but bad for certain groups, and these certain groups are large enough that their issues need to be considered.
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Well you wouldn't have international trade without other countries because that is what international trade is, trading amongst the countries of the world. So country A that is rich in lets say gold can sell it to country B and country B might be rich in some other commodity lets say salt and so they would sell their salt to country C and country C might be rich in lets say coffee and they would turn around and sell that to country A.  All countries benefit from international trade.\nI don't know how it benefits your society because I don't know what society you are from???\nTake care.\n*hugs*\nJAC<
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Capital, labor, and technology\n\nY=A*F(K, L)
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Globalization of world societies & economies.
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In most econ equations productivity is represented by the variable "A" and it is the only real way to grow an economy quickly. Productivity usually comes from technological advances like PCs. Basically, productivity increases when the same number of people can do more work or increase GDP per capita.
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Well there's the debate whether if those effects are positive or negative in first and third world countries.  In a little more than 10 years after the creation of the WTO the world's poor nations became poorer and the rich nations wealthier.  I think any economic policy to be implemented ought to involve social development as well... it doesn't make sense to make the global exchange more efficient if the majority of people will suffer from it in the end.