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Does the size of a country's economy matters in international trading?
Wiki User
∙ 12y ago
Yes. Generally, the size of an economy, according to the Gravity model, has two major affects on its level of trade:
1) In absolute terms, a higher level of trade than smaller economies. As the size of an economy increases, so does the total amount of trade.
2) In proportional terms, a lower level of trade than smaller economies. As the size of an economy increases, the total amount of trade falls in proportion to the size of the economy. This can be seen as an effect of intra-regional specialisation, higher availability of inputs in production, and a larger market for selling.
Wiki User
∙ 12y ago
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