Tag: trade and trade organisations

• China is the world's largest silk producer. 
  
• The vast majority of Chinese silk originates from the mulberry silkworms.
  
• More than ten million farmers in China raise silk and nearly half a million people are employed in silk-fabric production. 
  

• ASEAN is a geo-political and economic organization of 10 countries located in Southeast Asia. 
  
• The main aims and purposes of ASEAN are to accelerate the economic growth, social progress and cultural development in the region.

Malaysia is the fifth largest producer and exporter of natural rubber. They are the leader in the production and export of rubber products. They are also the largest consumer of natural rubber.

• The world's political relations has a big impact on international trade. 
• International trade can be one of the most contentious of political issues, both domestically and between governments.

• Transportation plays a major role in the economic uplift of a country as it promotes internal and external trade, economic use of natural resources, mobility of skilled labour-force, diversification of markets, provision of fuel, reduction in employment, increase in agricultural and industrial production etc. 

Densely populated countries have less international trade because domestic consumption is high and there is not much surplus left.

Labor intensive refers to a process or industry that requires a large amount of labor to produce its goods or services. A prime example of a labor-intensive industry relates to tea production, especially those companies involved in the cultivating of tea leaves that must be picked with minimal damage to the plant as a whole.

The United States is the most important economic markets in the world. The largest exports of the United States are cars, refined petroleum, planes, helicopters, and spacecraft, and pharmaceuticals. The success of the United States economy can be attributed to factors such as a wealth of natural resources, excellent infrastructure, and a productive workforce. The country also has the designation of being the world's largest industrial sector.