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What is the international trade?

Please what does international trade entail?

  • Please i am presently reading Economics in the University, and i would like do Masters and Phd in any relevant course to supplement my first degree in Economics, i was adviced to read International trade to supplement it. My problem here is, I dont really know what international trade entails, and also, where can i work and what can i work as if I hold a First degree in Economics and hold a Second degree (Masters & Phd) in International trade.

  • Answer:

    Imports and exports of a country decides the balance of payment and also the extent to which the local labour have been given the chance to participate in the world economy. How this affects the economy has been very well described under the caption 'of systems of political economy' by ADAM SMITH in his book 'The wealth of Nations'. VR

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International trade is the exchange of goods and services across international boundaries or territories. In most countries, it represents a significant share of GDP. While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact. Increasing international trade is the usually primary meaning of "globalization". International trade is also a branch of economics, which, together with international finance, forms the larger branch of international economics. or maybe you can read up in www.econlib.org

merkkrem101us

International trade involves trading between nations. More specifically, it involves undeveloped countries selling crap to the United States, who in turn sell the crap to its citizens at low prices.

stringfellow

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