International trade is based on the process of importing and exporting goods. Every good exported by one country must be imported by another. International trade increases total output. On a global economy imports must equal exports. The trade balance is…

When transportation costs are low and government don’t restrict international transactions companies are looking for opportunity to sell goods on foreign market. Nations trade with one another because they expect to benefit from the transaction. Trade enables them to exchange…

Globalization describes a process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade. It’s the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration,…