What are patterns of trade?
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What are patterns of trade?
Sep 17, 2019
tutor2u.net
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Apr 24, 2022
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What might happen to global trade patterns when things are in flux? Amid pressure on US–China trade, companies may look to rearrange sourcing to alternative suppliers. If they cannot, companies might instead reduce purchases, replace imported products with something similar, or ramp up domestic production. These alternatives require a combination of sacrifice, resources, know-how, and time. McKinsey Global Institute research quantifies how hard the change might be. Explore more: https://mck.co/3
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