What effect did the financial crisis and recession have upon world trade in 2011?

The lost growth because of the financial crisis is calculated in over $10 trillion, one-sixth of global GDP since 2008. In 2010, international trade saw a rebound of around 14% globally, acccording to the United Nations. In 2011, it slowed down to 5.5%. In the Eurozone, trade did not recover its pre-crisis levels in 2011, though Japan and the USA performed somewhat better. Trade recovery was higher in the developing world, where trade growth was 6-7%, according to the same sources. Commodities were an exception , reporting double-digit growth as 2011 and 2012 saw record commodity prices in global markets. So, global economic recovery slowed down in 2011.

Explanation:

danielu suge pula

explanation:

for the 2 countries u can do china and america because america has a democratic government while china has a communist government.

a democracy is a government run by the people either by directly voting or indirectly by electing representatives. an oligarchy is a government run by a few or a small group of people. a democracy and oligarchy are similar because both in an oligarchy and an indirect democracy, a small group of induvial determine the laws for a large group of people they are different because in an oligarchy it is easier to control and they do not have to answer to a large number of people in the country, unlike a democracy where they do have to answer to a large number of people an county that is a democracy would be the united states. a country that is an oligarchy would be the china.