Tag: international trade

International Trade is the exchange of goods and services between countries. It promotes global economic growth, creates jobs and helps increase the standard of living. International Trade gives organizations access to new markets, a competitively priced and global supply chain, better economic and political stability, increased productivity, modernization and increased competition among countries, which leads to the development of new products, services, and technologies. International Trade also allows countries to specialize in the production of goods and services in which they have a comparative advantage, since firms can outsource labor from overseas. At its best, International Trade can be a win-win for all involved.