Why International trade is necessary in …
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Meghna Thapar 5 years, 8 months ago
Trade exists between regions because different regions have a comparative advantage in the production of some tradable commodity, or because different regions' size helps getting benefits of mass production. Trading is greatly important to the global economy. Successful trade provides for developing/emerging nations: A source of foreign currency to help a nation's balance of payments (trade surplus countries build up US$ reserves) An important way of financing imports of essential imports of capital equipment / technologies and energy supplies.
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