International Trade Case Study:
International trade is the exchange with the resources between the several countries of the world or the involvement of the country into the global economic activity. The humanity has been trading on the international level for centuries. It is obvious that one country can not provide itself with all the required products and resources, because the latter depend on the geographic and climatic factors. If the country does not have the access to oil, coal, etc, it has purchase the resources abroad.
The same thing is with the food products, including the “exotic” ones, which do not grow on the territory of the country. Of course, it does not mean that the country which has nothing can receive everything, it wants. Every side involved into the international trade is interested in something and the exchange is most often fair on the global market.
International trade helps to survive the people who live in the dangerous areas, the areas which face the problem with the safe pure drinking water, vegetables and fruit, mineral resources, medicine, clothes, etc. When the country does not produce something in the appropriate quantity, it can purchase everything somewhere else, where these products are in the excess. International trade is the main element of the world economics, its stability and growth. When there are problems in the international trade, there is always financial crises which are accompanies with the reduction of production and the fall of the quality of life and income of the average people. International trade is the factor which helps countries to cooperate and solve the common problems together.
International trade is the important factor of the development of the world’s economics and the financial well-being of every country. The student who is researching the problem on international trade should study the topic efficiently in order to learn about the essential aspects of the functioning of the international trade and its strong and weak sides. The case is based on the analysis of the cause and effect of the problem under research and the student should evaluate the relevance and importance of the issue on international trade and its possible solutions. One should share the ideas about the solution of the problem and the selection of the right methods for the research.
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