The Role of International Trade in the Globalized World

Mboungou Mouyabi Seke*
Department of Business Intelligence and Services, University of the Witwatersrand, Johannesburg, South Africa.
Periodicity:January - June'2020

Abstract

The role of international trade in the globalized world has been the consequence of many studies in various issues. It is a strategic activity exercised by a country in the development process of improving its economy. Moreover, international trade discusses primarily the exchange of goods and services across the perimeter of a country. Multinational corporations play an important role in the development of international trade, among other aspects such as globalization and outsourcing. Due to international trade, various sectors of domestic economy can change drastically. Against this plethora of competitive advantage provided by international trade, what is its role in the globalized world today? It is important, however, to clarify the lantern of readers in highlighting the difference between keywords. International trade is the main element of global integration promoted by economists and business leaders of our century. Globalized world is the growing interdependence of countries momentous from the aggregate integration of trade, finance, people, and ideas in one global marketplace.

Keywords

International Trade; Globalized Word, Exchanges Liberalization, Agreements.

How to Cite this Article?

Seke, M. M. (2020). The Role of International Trade in the Globalized World. i-manager's Journal on Economics & Commerce, 1(2), 1-8.

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