Essay On Global Trade

Introduction:

This essay is explaining how Trade is beneficial to economies of developing/third world countries, who have had a hard time developing more advanced items such as technology, transport and simple home items. Compared to those of first world countries, that are in a very modern setting, compared to the smaller, less-beneficial countries of the world.

Trade is the buying and selling of goods to gain services and money. It involves transferring or exchanging items, parts, foods, extra, from one place to another. It is essential to all countries, considering some things cannot either be made, or grown in certain countries - thus trading one thing for another to get said items, helps the country's resources grow.

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Trade can help boost development in a country, and reduce poverty by generating growth through increased investment of goods from various sellers and buyers. The growth of international trade over the past several decades, and has been the main cause and effect of globalization. However trade does have its downfalls, especially when global trade relies mainly on a certain resource. In recent years China has experienced economic slowdowns along with the rest of the world. Many had worried that because of China’s position in the world market, any form of downturn would have a large global impact.

Trade among different countries isn’t a new concept. History itself has shown how effective trade was to many countries, traders used to transport silk and spices through the Silk Route (an ancient network of trade routes that were the central beacon of cultural interactions ) back in the 14th to 15th century. Then in the 1700’s, ships were introduced into trading, transporting tea from China and spices from the Dutch East Indies to different European countries, thus growing the economies of said