Difference between revisions of "Group02 Proposal"
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From the simplest forms of bartering that had been interwoven into the earliest fabric of human history, to the modern-day commodity derivatives traded on virtual exchanges, trade has always been an important economic activity to mankind.<br> | From the simplest forms of bartering that had been interwoven into the earliest fabric of human history, to the modern-day commodity derivatives traded on virtual exchanges, trade has always been an important economic activity to mankind.<br> | ||
With various technological advancements that removed geographic boundaries to created a global market, and the embracing of division of labour, comparative advantages and trade dependencies developed over time, entrenching trade as a foundation for national economies and our global society at large.<br> | With various technological advancements that removed geographic boundaries to created a global market, and the embracing of division of labour, comparative advantages and trade dependencies developed over time, entrenching trade as a foundation for national economies and our global society at large.<br> | ||
| − | Voluminous quantities of commodities now flow in and out of countries on a daily basis. | + | Voluminous quantities of commodities now flow in and out of countries on a daily basis... |
=Motivation & Objectives= | =Motivation & Objectives= | ||
Revision as of 14:22, 19 November 2018
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Overview
Trade is the exchange of goods and services, often with compensation paid by the buyer to the seller.
From the simplest forms of bartering that had been interwoven into the earliest fabric of human history, to the modern-day commodity derivatives traded on virtual exchanges, trade has always been an important economic activity to mankind.
With various technological advancements that removed geographic boundaries to created a global market, and the embracing of division of labour, comparative advantages and trade dependencies developed over time, entrenching trade as a foundation for national economies and our global society at large.
Voluminous quantities of commodities now flow in and out of countries on a daily basis...
Motivation & Objectives
Data Sources
The Global Commodity Trade Statistics data is retrieved from United Nations Statistics Division of the UNData website. The retrieved 8.23 million rows of data comprises 10 columns of data for a period of 30 years between 1988 to 2016.
- Country Name of Record
- Year in which the trade has taken place
- Harmonized Commodity Description and Coding System (HS) by World Customs Organization comprising about 5000 commodity groups; each identified by a six digit code
- Description of a particular commodity code
- Flow of Trade (Import, Export)
- Value of Trade in USD
- Weight of the Commodity in Kilograms
- Description of the quantity measurement type given the type of item
- Quantity count of a given item based on the Quantity Name
- Category to identify commodity
URL: Link: http://data.un.org/Explorer.aspx
Tools & Packages
References
Banner: https://www.drugdetectingdogs.com/detecting-dogs/miami/sweeper-florida/shipping/sniffing
