Question

Based on your perspective, write a short summary of what you think of global trade.

Answer 1

Short summary of what you think of global trade

Global trade can reduce international conflict and war. It may not make intuitive sense at first glance. But think about it for a moment. Global trade creates long term mutually beneficial relationships for a symbiosis. If you start a word with someone who provides you needed goods such as wheat or oil you may have just shut yourself in the foot. global trade can create economic wealth on a global scale as its country maximize its revenue and growth by focusing on what it does best and saving money on imports that would be more costly for it to produce domestically. our country generates revenue from exporting the excess goods and services that its domestic market doesn't need to other countries that have a different comparative advantage.the money it receives from the experts can then be used to import goods and services it does not produce from the countries that have a comparative advantage in the production of those goods and services. For example England and Portugal trading wine and wheat. But on a global scale with countless products and services.