International Trade
International Trade
Frances Bailey
ECN 221 – Economic Principles
February 18, 2013
Professor Nick Bergan
Abstract One of the most confusing intolerance times is that free trade discussions are unlimited while free trade itself is growing and growing. For more than a while the government attempted to a global agreement to “lower trade barriers that have gone nowhere.” (Naim, 2007) The very last time trade was discussed they had reason to celebrate was in the late 1900’s this was when “125 nations agreed to a significant drop in trade barriers and the creation of new institution charged with supervising and liberalizing international trade, the World Trade Organization.” (Naim, 2007) “Keep in mind that, despite all the misgivings about international trade, the fact remains that countries share of economic activity related to exports is growing very fast, 1.5 faster than those with more stagnant exports.” (Naim, 2007) People know that economic growth alone may not be the right thing to help poverty; people must learn that without some kind of growth, all the efforts made will fall short. As trade grows the need for better rules is needed.
International Trade The purpose of this paper is to address and discuss international trade. potential gains, the different types, the aspects and the impact of international trade. An international trade begins with what countries can do to survive the economics toughest times that must have some kind of trade. “Trading will give consumers and other countries the chance to be exposed to goods and services and not available in their countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting, and transportation.” (Investopedia, 2012) There are rewarding opportunities in the field of international trade intermediation, but new
Frances Bailey
ECN 221 – Economic Principles
February 18, 2013
Professor Nick Bergan
Abstract One of the most confusing intolerance times is that free trade discussions are unlimited while free trade itself is growing and growing. For more than a while the government attempted to a global agreement to “lower trade barriers that have gone nowhere.” (Naim, 2007) The very last time trade was discussed they had reason to celebrate was in the late 1900’s this was when “125 nations agreed to a significant drop in trade barriers and the creation of new institution charged with supervising and liberalizing international trade, the World Trade Organization.” (Naim, 2007) “Keep in mind that, despite all the misgivings about international trade, the fact remains that countries share of economic activity related to exports is growing very fast, 1.5 faster than those with more stagnant exports.” (Naim, 2007) People know that economic growth alone may not be the right thing to help poverty; people must learn that without some kind of growth, all the efforts made will fall short. As trade grows the need for better rules is needed.
International Trade The purpose of this paper is to address and discuss international trade. potential gains, the different types, the aspects and the impact of international trade. An international trade begins with what countries can do to survive the economics toughest times that must have some kind of trade. “Trading will give consumers and other countries the chance to be exposed to goods and services and not available in their countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting, and transportation.” (Investopedia, 2012) There are rewarding opportunities in the field of international trade intermediation, but new
References: Business Dictionary, 2013. International Trade. Retrieved February 11, 2013 from http://www.businessdictionary.com/definition/international-trade.html. Wise Geek, (2013). International trade. Retrieved February 11, 2013 from www.wisegeek.com/what-are-different-aspects-of-international-trade.htm. Wise Geek, (2013). What are the different types of International trade. Retrieved February 11, 2013 from www.wisegeek.com/what-are-the-different-types-of-interentional-trade.htm Wise Geek, (2013). What are the different types of international trade. Retrieved February 12, 2013 from www.wisegeek.com/what-is-international-trade.htm. Wise Geek, (2013). What is the impact of international trade. Retrieved February 13, 2013 from www.wisegeek.com/what-is-the-impact-of-international-trade.htm. Wise Geek, (2013). What are the potential gains from international trade. Retrieved February 13, 2013 from www.wisegeek.com/what-are-the-potential-gains-from-international-trade.htm. Investopedia, 2012. What is International Trade? Retrieved February 11, 2013 from http://www.investopedia.com/articles/03/112503.asp#axzz2JgEj1WG4 Investopedia, 2012. What is International Trade? Retrieved February 11, 2013 from http://www.investopedia.com/articles/03/11503.asp#axzz2Kzwjb5ne Perry, A.C. (1992). US international trade intermediaries: A field study investigation. International Marketing Review, 9(2), 7-7. Retrieved February 16, 2013 from http://search.proquest.com/docview/224308899?accountid=41759. Naim, M. (2007). The free-trade paradox. Foreign Policy, (162), 96-96, 95. Retrieved February 12, 2013 from