Got a tricky question? Receive an answer from students like you! Try us!

The Significance of International Trade: An Overview - Essay Example

Only on StudentShare
College
Essay
Miscellaneous
Pages 3 (753 words)

Summary

A country's exchange of goods and services across national borders, through its citizens and business organizations, is hardly a new phenomenon. It has, however, assumed increasing importance in recent decades. With this increasing importance recently placed on international trade there have been attendant increases in the political, social, and economic strains related to international trade…

Extract of sample
The Significance of International Trade: An Overview


As an initial matter, it is useful to note some of the many ways in which international trade is promoted in the modern era. There are many ways in which international trade is promoted. In the United States, for instance, international trade is promoted in political, social and economic ways. It is promoted politically through advocacy and education campaigns, it is promoted socially via retraining programs for workers displaced in the labor market by international competition, and it is promoted economically through import-export financing programs and governmental programs designed to aid individuals and business organizations in the international arena. In America alone, there are many private and public organizations dedicated to promoting world trade, such as the United States International Trade Commission, the Department of Commerce's Bureau of Industry and Security, and The International Trade Administration. ...
Download paper
Not exactly what you need?

Related Essays

International Trade Laws
This works for the higher competitive advantage of the national companies, and thus 'closing eyes' on the illegal actions foreign companies take abroad, as well as trying to sue them for the refund of the damages which national companies pay abroad, and which is often resolved for the benefit of the national company, is a means of fighting competition through the means and methods which are legal only on the surface. 'Competition law embodies an inherent conflict while protecting local consumers from monopolies, cartels and oligopolies - it ignores the very same practices when directed at…
5 pages (1255 words)
International trade
British Marine Equipment Association (BMEA), established in 1966, is a market oriented trade association, works for the promotion of British manufacturers and suppliers, in other countries and supplies marine equipments to ports, terminals, off shore industries, and fishing industries.Several International conventions lay down the rules for the maritime organisations to follow as they are bound by these rules. Environmental rules have made the shipping difficult; but at the same time, it is definitely necessary as the seawater or seabed pollution could create unfortunate results, killing the…
6 pages (1506 words)