Factors Affecting International Trade In Namibia

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Introduction International trade (sourced from Wikipedia.com). Is the exchange of capital, goods, and services across international borders which involve the activities of the government and individuals. Namibia has a large quantity of natural resource such as uranium, diamonds, and fish etc. Furthermore, Namibia engages in international through exchanging some of its natural resource for money and to gain different material or resources that are not available in the country. International trade may have advantages or positive impacts on Namibia such as large-scale production (Nations of the world can dispose of goods which they have in surplus in the international markets) and have optimal use of natural resources. Aim This is research based on international trade. The purpose of the research is to empower or in light entrepreneurs on the effects of international trade. This will analyse some of the factors that have influences on international trade. Hence, it will be addressing and evaluating a local company of my choice. Factors affecting international trade 1. Inflation Inflation is the continuous and significant increase in general price level of the standard of living of the people of the country. The higher the inflation rates the lower consumption rate. Hence, if a country’s inflation rate increases compared to other countries with which it trades, its current account will be expected to decrease, other thing being equal. Consumers and corporations in that country

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