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Importance of International Trade

Trade between people, companies, countries and economies is the key mean to fight against poverty and make a better World for all.


In recent times, due to cold economic wars between nations by names like terrorism, recession, currency, commodity price wars have resulted in big fall in International trade figures and created uncertainty in the Global market. These days most of the countries either do not want to import or import things with high Government benefits.


Due to current changing scenario, a big loss can be easily seen for developing countries which are not getting right product value as availability of product is huge with few takers from International markets. With high population part working in manufacturing, agriculture division or dependent of Naturally available commodities (like crude oil) these countries are the biggest suffers, as the people here do not get the right amount for their hard work in jobs or for the grown agriculture products due to which they feel harder to survive and are even forced to put their children in low labor jobs which result in country low education background and lately Country remain developing or under Developed for years.


Playing such games Developed countries with huge money in their pockets are always in profit as they get good time to invest in these stressed economies, bargain better for their requirements, and get good returns on amount lended to these economies as help in tough time, cheaper commodity prices for their markets.


Only 10-15% of World population comes from Developed economy whereas rest 70-75% comes from developing economy & 10-20% comes from least developed countries i.e decreasing international trade will result major loss to Developing and Under Developing economies, resulting in making them poorer and depressive.

Published on : 28-Apr-2016