The Growth of world Trade and Output 2500 2000 Trade 1500 Trade 1000 Output 500 195019601970198019902000 Figure11 McGraw-HillIrwoin @2003 The McGraw-Hill Companies, Inc, All Rights reservedMcGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc., All Rights Reserved. 1-3 The Growth of World Trade and Output 0 500 1000 1500 2000 2500 1950 1960 1970 1980 1990 2000 Trade Output GDP Trade Figure 1.1