And although starting from a relatively small base, South-South trade (between developing countries) is expanding at an even faster rate than that of world trade overall. ... • Despite increasing South-South trade, the large developed economies – and especially the United States - remain the major market for world exports. ... In all years since 2001, for example, the share of growth in world merchandise trade held by East and South Asia has outpaced that of all other developing countries combined, and a similar proportion prevails in trade of services. ... Thirty-one out of 45 sub...
Prior to the industrial revolution in the century of late eighteenth and early nineteenth which set fire to the capital-based form of production, there was the period when production predominantly relied on man's hand and primary working forces were man labour. During such period, agricultural and industrial activities were not clearly differentiated (Koga, 1968) and many people not only worked in farming but they also generated extra business to get extra earnings while utilising spare labour after farming hours (Hunter, 2008). According to a report from ILO (1955) cited by Koga (1968), ...