Description
please follow two document and write a international trade research paper
.•The text of your paper (not including bibliography) must be approximately 1500 words
- You must include a bibliography. Use either MLA or APA format.
- o MLA: http://www.library.cornell.edu/resrch/citmanage/mla
- o APA: http://www.library.cornell.edu/resrch/citmanage/apa
•You must include at least two refereed journal articles within your citations.
•You must use third-person format. (No “I” or “you”)
•No title page, no table of contents
•Abstract optional (if you choose to include an abstract, it should be no longer than 150 words)
•Times New Roman, size 12 font (title can be larger)
•Standard margins
•Double-spaced
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Explanation & Answer
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Running Head: INTERNATIONAL TRADE
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International Trade
Student’s Name
Institution
Date
INTERNATIONAL TRADE
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Introduction
Over the past decade in the twenty-first century, there has been experienced enormous
international trade. The trade between countries and regions has scaled up due to the specialized
production. To date, the world can be well referred to as global village because of how much the
trade amongst countries has opened up the whole world. International trade involves the
exchange of goods and services and the specific country currencies. The reason as to why the
international trade has reached its current level, it's the basic law of surplus products and
deficiency in production. It is well-nigh impossible for a single country to produce all the type of
goods that are sufficient for the survival of its people. Therefore, international trade will always
come in to supplement the deficiency caused by the limited resources to production. Moreover,
the reasons to why international trade has scaled to such heights are due to the agents that have
facilitated trade, with the evolution of technology and the experienced infrastructural changes
across the world moving around is more comfortable. The transport and the communication
sector have been improved making it easier for the transportation of goods and services (Klug,
Yung & Bordo, 2006). Another factor that has led to the success of International trade is the fact
that, money and banking systems has gone digital.
The world does not depend on the ancient systems of exchanging money to facilitate the
international trade. International trade has enhanced the good correlation amongst countries in
the unifying of the whole world. To this day, countries are working hard to produce goods and
services in surplus that are in high demand in the world market. The superpowers with the strong
economies are striving towards gaining the market power to control the world economy by
INTERNATIONAL TRADE
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