Emerging and developing economies' share of global merchandise trade rose from approximately 32% in 2005 to 45% in 2022. While manufacturing trade remains the largest component, digital trade and services export shares grew to 25% of global trade value in 2022, up from 19% in 1995.
Evaluate, using at least one appropriate economic diagram, whether the expansion of international trade yields greater economic benefits for emerging market economies than for advanced economies.
