_International_Trade_国际贸易实务.docVIP

International Trade 国际贸易 课文及翻译 Text A An Introduction to International Trade The Concept of International Trade International trade is the exchange of goods and services across international boundaries or territories. While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact. International trade represents a significant share of GDP in most of the countries. Most of the countries are engaging in international trade to overcome the various deficiencies in the resources not abundant in their home country and sourcing those resources from the neighboring or other countries to produce the goods and services for their needs and wants. In a modern business world due to globalization international business ventures are rapidly eyeing to establish their reputation firmly. International trade is also a branch of economics, which, together with international finance, forms the larger branch of international economics. Increasing international trade is basic to globalization. Economic Globalization Globalization of the economy depends on the role of human migration, international trade, movement of capital, and integration of financial markets. The International Monetary Fund notes the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions, free international capital flows, and move rapid and widespread diffusion of technology. The rise of technology has allowed the environment to be characterized as a global one. The global economy gave business the ability to market products and services all over the globe. It has also allowed them to develop partnerships and alliances throughout the world, which has become ess