jeckmichal wrote:International trade is exchange of capital, goods, and services across international borders or territories.[1] In most countries,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.New Trade Theory tries to explain empirical elements of trade that comparative advantage-based models above have difficulty .
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