"International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services."
Investigates trade policies, trade liberalization, and their effects on economic growth and development. The role of international trade in economic development is also discussed.
International trade theory: The study of how economies engage in international trade and the benefits and costs associated with it.
Trade policies and agreements: The policies and agreements implemented to regulate international trade and promote economic development.
Globalization and its impact on trade: Understanding the relationship between globalization and trade, its impact on developing countries, and the challenges it poses.
Economic growth and development: The factors and policies that drive economic growth and development, and how they relate to international trade.
Foreign direct investment: The role of foreign direct investment in economic development, and its impact on trade flows and economic growth.
Regional integration and development: The benefits and drawbacks of regional integration, and how it can facilitate trade and economic development.
Trade and poverty reduction: The impact of international trade on poverty reduction and how trade policies can be designed to minimize negative effects.
Natural resource exploitation and trade: The role of natural resource exploitation in economic development, and its impact on international trade patterns.
Agricultural trade and development: The importance of agriculture in trade and development, and challenges faced by developing countries in this regard.
Investment climate and economic development: The policies and measures necessary to create a favorable investment climate for economic development and trade.
Bilateral trade: It involves the exchange of goods and services between two countries.
Multilateral trade: Involves trade between three or more countries at once. Typically, this involves trade between member countries of organizations like the WTO, IMF, or World Bank.
Direct investment: A type of trade and development where a company invests directly in a foreign country by establishing a subsidiary or building a plant.
Indirect investment: Foreign investors may also invest in a country through purchasing shares or stocks in a company that operates locally.
Export-oriented growth: This strategy focuses on developing an economy by producing goods for foreign markets. It relies on increased trade and the development of exports.
Import substitution: Involves the replacement of imported goods with domestic products. This encourages the domestic production of goods, reduces foreign dependency, and helps developing countries become more self-sufficient.
Free trade: Involves the removal of tariffs, quotas and other trade barriers between countries. This is expected to promote economic growth and increase trade between nations.
Fair trade: Fair trade aims to provide fair wages and good working conditions to producers in developing countries. It aims to promote economic growth and reduce poverty in those countries.
Regional trade agreements: These involve trade between countries within a particular region, often with the goal of increasing trade, reducing trade barriers and enhancing economic cooperation.
Development aid: Development aid is financial aid given by donor countries or international organizations to help developing countries boost their economic growth and development. It may take the form of direct grants, loans, or technical assistance.
"In most countries, such trade represents a significant share of gross domestic product (GDP)."
"While international trade has existed throughout history..."
"...factors like currency, government policies, economy, judicial system, laws, and markets influence trade."
"...for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads..."
"...its economic, social, and political importance has been on the rise in recent centuries."
"Carrying out trade at an international level is a complex process when compared to domestic trade."
"To ease and justify the process of trade between countries of different economic standing..."
"...some international economic organizations were formed, such as the World Trade Organization... These organizations work towards the facilitation and growth of international trade."
"Statistical services of intergovernmental and supranational organizations and governmental statistical agencies publish official statistics on international trade."
"...factors like currency, government policies, economy, judicial system, laws, and markets influence trade."
"Such trade represents a significant share of gross domestic product (GDP)."
"...for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads..."
"...its economic, social, and political importance has been on the rise..."
"Carrying out trade at an international level is a complex process..."
"These organizations work towards the facilitation and growth of international trade."
"Statistical services of intergovernmental and supranational organizations and governmental statistical agencies publish official statistics on international trade."
"Factors like currency, government policies, economy, judicial system, laws, and markets influence trade."
"...process of trade between countries of different economic standing..."
"...its economic, social, and political importance has been on the rise..."