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Lbhatobl

Economics

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ECO 4451 International Trade Research Paper Instructions:  The text of your paper (not including bibliography) must be approximately 1500 words – absolutely no less than 1300 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 Rubric: Content Length (at least 1500 words) Use of two refereed journals, cited within text and bibliography Proper MLA or APA citations used within text and bibliography Correct formatting (See “Sample Format for Research Paper) 70 points 10 points 10 points 5 points 5 points I will take off 10 points for each day the paper is past due. I will be using Turnitin. If I detect any hint of plagiarism, you will receive a 0%. Title of Paper Written by G.P. Manish Abstract Text of abstract. No more than 150 words. Optional. The point of an abstract is to briefly summarize the main points of your research paper. Introduction Text of introduction. Section 1 (title your choice) Text of section 1. Section 2 (title your choice) Text of section 2. Section 3 (title your choice – you have use as many or as few sections as you see fit) Text of section 3. Conclusion Text of conclusion. No more than 250 words. Required. Works Cited (aka bibliography – in this example, I use MLA format) Matarrita-Cascante, David. "Beyond Growth: Reaching Tourism-Led Development." Annals of Tourism Research 37.4 (2010): 1141-63. Print. Kreider, Brent. “Optimal Wage Taxation When Human Capital and Employment are Endogenous.” Economic Inquiry 46.4 (2008): 660-674. Print. Use as many works cited as needed.
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Running Head: INTERNATIONAL TRADE OUTLINE

International Trade OUTLINE
Name
Institutional Affiliation

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INTERNATIONAL TRADE OUTLINE

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Abstract


In contemporary society, participating in international trade has become a norm for
nearly every country in the global environment.



Countries participate in international trade so as to enjoy benefits such as access to
quality products and enhanced better utilization of natural resources.



Other benefits include improve economic growth, increase the efficiency of companies,
and improve consumption at a cheaper cost.



Repercussions of participating in international trade include flooding of domestic market
with substandard goods, increase political and economic risks, and it negatively affects
small companies in the domestic market.

INTERNATIONAL TRADE OUTLINE

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Introduction


International trade is the exchange of services, goods, and capital between countries.



In most countries in the world, international trade contributes a significant share of gross
domestic product (GDP).



International trade has contributed heavily to the rise in the world economy.



International trade is influenced by factors such as laws, government policies, currency,
judicial system, political relations, and markets.



International trade offers countries and consumers with an opportunity to access goods,
services, and capital that is not available in their home country.



This paper encompasses the analysis of recent statistics about international trade, the pros
of international trade, the cons of international trade, and its effects on the economy

Recent Statistics about International Trade


In 2017, international trade was approximately $34trillion. Imports were estimated to be
17 trillion and exports were also $17trillion.



Automobile including buses, cars, and trucks contributed 9% of the trade.



Gas, oil, refined products, and coal contributed 14.4% of the trade.



In 2017, it was estimated that international trade grew by 10.5% from 2016.



Statistics have shown that international trade contributes more than 27% to the global
economy.



Before the 2008 recession, international trade grew 1.9 times faster as compared to the
rate of economic growth (Chaney, 2018).

INTERNATIONAL TRADE OUTLINE

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Pros of International Trade


International trade boosts economic growth and development.



It offers domestic companies with more experience in producing for foreign markets
(Feenstra, 2015).



It also offers consumers with opportunities to access a wide variety of services and
goods.



International trade enhances proper utilization and efficient allocation of resources.



It also offers nations with a good marketing power.



International trade also creates more employment.



This is because it widens the market for countries' goods (Feenstra, 2015). International
trade also enhances consumption at a cheaper cost.



International trade also stabilizes the prices of products and services (Costinot et al,
2016).

Cons of International Trade


International trade contributes to flooding of substandard goods to a country.



Dependence on foreign products and serv...


Anonymous
Just what I was looking for! Super helpful.

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