Press Release TAD/1942 |
UNCTAD HANDBOOK OF STATISTICS 2002 RELEASED
It might sound like a truism to say that countries with small populations and similar income levels tend to trade more than large ones. The fact is, however, that smaller countries with smaller domestic markets need to specialize in goods and services they can produce efficiently if they are to realize greater total outputs –- hence, they tend to be more involved in international trade.