An Introduction To International Trade Including Its Definitions And Schools Of Thought

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. International trade is an exchange of capital, goods, and services across international borders. In most countries, it rep... Read more

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. International trade is an exchange of capital, goods, and services across international borders. In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods and services produced within their own borders. This book provides an introduction to international trade including balance of trade, capital account, absolute advantage, free trade, and outsourcing. Project Webster represents a new publishing paradigm, allowing disparate content sources to be curated into cohesive, relevant, and informative books. To date, this content has been curated from Wikipedia articles and images under Creative Commons licensing, although as Project Webster continues to increase in scope and dimension, more licensed and public domain content is being added. We believe books such as this represent a new and exciting lexicon in the sharing of human knowledge. Less