International Trade has changed the world economy
Trade has grown remarkably over the last century
The combination of national economies into a global economic is one of the most important developments of the last century. This process of integration, often called Globalization, has materialized in a remarkable growth in trade between countries.
International Trade mean to the exchange of the goods and services from one country to another. In other words, imports and exports. A global company is a company doing business worldwide which has trade in many countries in the different regions of the world..
It’s moving in two directions:
1. Imports – Buying goods and services from other country to our country
2. Exports –Selling Goods and services to other country.