International trade, International Economics

INTERNATIONAL TRADE can be understood as follows

By the international trade, we signify the exchange of goods and services between different countries. For any individual country, trade is very much significant for number of reasons: the trade balance drives the BOPs and intensely influences foreign exchange reserves and the exchange rate; trade helps to determine the overall production and consumption of the possibilities in the economy (in the static and dynamic contexts both, as we shall see below); net exports are an important component of the aggregate demand, and hence the income and employment; and so on.

Interesting Facts about the World Trade are given below:

The Four interesting facts about the world trade perspective are:

i. The value of the world trade has increased 20 fold over the 1930-2000 periods

ii. On an average, the contribution of the country’s exports to its GDP has doubled from about 30% to 50% over the same period of time.

iii. Over the last 50 years, the share of world exports has changed from 50%-50% between the manufactured goods and primary products to 75%-25% in favour of the manufactures/producers.

iv. 50% of the world trade occurs between HICs, 14% occurs between LICs and the rest involves both HICs and LICs.

Posted Date: 7/19/2012 4:14:25 AM | Location : United States







Related Discussions:- International trade, Assignment Help, Ask Question on International trade, Get Answer, Expert's Help, International trade Discussions

Write discussion on International trade
Your posts are moderated
Related Questions
what is the free trade

Q. It is argued that the United States could be foolish to maintain a free-trade stance in a world in which all other countries exploit prisoner or child labor, or are protectioni

Q. What are the three types of transactions between the residents of different countries? Answer: 1. Trades of services and goods for goods or services. 2


Discuss the differences between Absolute PPP and Relative PPP . Answer:  Absolute Purchasing Power Parity (PPP) states that the exchange rate between two currencies equals the


Opportunity cost theory

Ask qu. What are the various forms of economic integration? estion #Minimum 100 words accepted#

explain the newo clacical theory of international trede

Q. Why do governments prefer to avoid excessive current account surpluses? Or, why are growing domestic claims to foreign wealth ever a problem? Answer: On behalf of a given l