Do you think most international trade might eventually take place through Web sites like alibaba.com? How might that influence your interest in importing and exporting?
International trade is also known as cross-border trade and it involves the buying and selling of products across countries. International trade is known to increase competition and thus lowers prices of goods.
Answer and Explanation:
The internet, as well as free flow of data all over the world, is becoming a fundamental segment of cross-border trade. The digital products are...
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fromChapter 30 / Lesson 4
We will discuss the economics & politics of international trade through the definition of open trade and its benefits and drawbacks. In addition, the ideas of competitive advantage and political patience will be shown as key indicators of global success.