Network analysis regarding international trade network

TL;DR

This paper uses network analysis to examine global trade and economic relationships from 1980 to 2010, highlighting differences among BRICS countries and their development stages.

Contribution

It applies network analysis techniques to trade and GDP data to distinguish economic development levels and behaviors among countries during globalization.

Findings

China and Russia exhibit developed economy characteristics.

India shows unusual features in trade network behavior.

Brazil and South Africa display erratic trade patterns.

Abstract

We study the effect of globalization of world economy between 1980 and 2010 by using network analysis technics on trade and GDP data of 71 countries in the world. We draw results distinguishing relatively developing and relatively developed countries during this period of time and point out the standing out economies among the BRICS countries during the years of globalization: within our context of study, China and Russia are the countries that already exhibit developed economy characters, India is next in line but have some unusual features, while Brazil and South Africa still have erratic behaviors