Discuss the importance of trade in the world and how this has changed over the past decades. The text outlines the five main reasons for international trade. Provide a specific example illustrating each reason including:

The countries involved

The product or service

An explanation of how the reason was the driving force

An explanation of how trade in the good or service may have changed over time

An evaluation of the sustainability of the trading pattern

Answer rating: 100% (QA)

International trade International trade refers to the exchange of good services and capital between countries This may involve the exchange of physical goods or transfer of technical knowhow from one ... View the full answer