Trade as a share of global GDP set to hit growth limit

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China will continue to benefit from greater world trade but the pace of globalisation will begin to ...

China will continue to benefit from greater world trade but the pace of globalisation will begin to slow from 2008, according to independent economist Douglas McWilliams In 1960, 11% of world GDP was traded and the figure will reach 28% by 2008, according to McWilliam's figures but from this growth will be more problematic, he claimed. "Perhaps the maximum that can be hit is 40-50%," he said. Professor McWilliams, who is the chief executive of the Centre for Economic and Business Research, said much of this growth has been driven by improvements in technology, with such sectors of the ...