What are the four major trends affecting world trade in the early 21st century?

1. China's economy sputters. A housing bubble seems to have formed in some areas of the country. Relative costs are up vs. other places.

2. Growing concern for working conditions. US and other consumers are becoming aware of high-risk working conditions in many locations and that is being reflected in the purchasing offices of corporate buyers.

3. Economic instability. To the extent that a bank tax issue in Cyprus can impact world markets it is a sign of the strength of the fear of economic instability from one area (no matter how small) to larger areas.

4. Distrust of capital markets. Whether it be LIBOR rates in the UK, money laundering and tax evasion assistance by International Banks, or mistated mortgage values in the US, the players in the capital markets have lost significant trust in them that once existed.