encouraged greater trade.

Table 1.2 presents one measure of globalization. It shows the percentage of domestic economic production

that was exported for a selection of countries from 2010 to 2015, according to an entity known as The World

Bank. Exports are the goods and services that one produces domestically and sells abroad. Imports are the

goods and services that one produces abroad and then sells domestically. Gross domestic product (GDP)

measures the size of total production in an economy. Thus, the ratio of exports divided by GDP measures what

share of a country’s total economic production is sold in other countries.

Country

2010 2011 2012 2013 2014 2015

Higher Income Countries

United States 12.4

13.6

13.6

13.5

13.5

12.6

Belgium

76.2

81.4

82.2

82.8

84.0

84.4

Canada

29.1

30.7

30.0

30.1

31.7

31.5

France

26.0

27.8

28.1

28.3

29.0

30.0

Middle Income Countries

Brazil

10.9

11.9

12.6

12.6

11.2

13.0

Mexico

29.9

31.2

32.6

31.7

32.3

35.3
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