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The Pros And Consequences Of International Trade

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In the contemporary society, there are an increasing number of people involved in the globalisation. I choose the topic of international trade. And in the following paragraphs, I am going to introduce what is international trade, other possible benefits of trading globally and the bottom line. (Heakal 2015) Thanks to the international trade that allows us to expand the market for goods and services. And also, as a result of international trade, the market contains greater competition with more competitive price and cheaper products. This essay will focus on the definition, advantages and consequences of international trade with considerable theories and evidence.
Global trade is the movement of material from on nation to another. World events …show more content…

Opponents argue that global free trade, however, international trade is still allowed inefficient, the expense of developing countries. The global economy is always changing, and so people must adapt to it. Countries must take care in how they handle international trade. Ideally, trade should be free and fair between countries. Corruption and bureaucracy can create problems. People get too greedy or refuse to change and …show more content…

The main ideas are the supply and demand factors. Trade will take care of itself. The market will decide prices. There is no need to protect or promote trade and growth. In contrast, international trade protectionism believes that the regulation is essential to convince the market function properly. Supporters of this system say that the market must be guided by professionals. There are many different forms of protectionism, including tariffs, subsidies and quotas. These strategies in the international market are trying to correct inefficiency. Globalization in the markets of different countries become more integrated and interconnected by economic transactions across national borders. These deals are able to be found in the real goods, various forms of services and financial instruments invested by international corporations in the local factory (FDI), temporary and permanent labor migration and information technology. They involve individuals and the staffs between independent companies and the government. (Introduction: Globalization And International Trade

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