International Trade for Rodamia
International trade is the exchange that takes place between one country and another. It involves movement of goods, capital and services across the borders and contributes immensely to a country's gross domestic product. It is through International trade that countries have been able to consume a variety of commodities and services that are not produced within their territories in exchange for goods and services that are cheaply produced or are in abundant within a country's territory.
Various factors such as globalization and industrialization have had a significant impact on International trade whereby as countries open up their borders for global trade, this has subsequently allowed trade relations between nations as the quest for industrialization continues. The less industrialized nations have partnered with the industrialized nations whereby the much needed raw materials have been sourced from different countries allowing for trade and opening up of more opportunities....
[ View Full Essay]