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Globalization Of International Trade Essay

743 Words3 Pages

International trade, also known as the international trade value, it is expressed in monetary reflection of world trade in certain period of time the size of the total foreign trade, it can reflect the total amount for the trade during the period, also known as the international trade. International trade is the exchange of goods and services between countries. This type of trade of the world economy, prices, or supply and demand, affects and is affected by global events. Political change in Asia, for example, can lead to the increase of labor cost, thus increasing the manufacturing cost of sports Shoes Company, headquartered in Malaysia, this will lead to increase, you must pay the price in your local stores to buy tennis shoes. Reduce labor …show more content…

Positive influence: (1) economic globalization effective use of resources around the world, provide more development opportunities for all countries, also greatly enriched and convenience to People's Daily life.(2) economic globalization makes some countries become more competitive, creative and innovative spirit, so that the country can prosper.(3) globalization means the new economic growth, although during this time there is the risk of growth, but the developed countries and developing countries in growing of national wealth, are the beneficiaries of globalization.(4) due to the international division of labor, worldwide economic globalization makes every nation and national country in economy and technology progress to receive his deserved a chance.(5) economic globalization promoted the coordination and cooperation between countries, especially the powers.6. Economic globalization makes the north-south relations for a long time of a certain degree of tension relief, the size of the north-south economic exchanges and enhanced the unprecedented level. Negative effects (1) because of the nation state between the nation state and internal imbalance of social and economic development, economic globalization makes the poor more poor, rich get richer, expanded the polarization and the gap between the rich and the poor in particular.(2) economic

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