How International Trade Boost The Economy Of A Country?

[Good-Person]

International trade is a kind of connection between two countries that improve the ties between two countries. The fact remains that international trade could boom the economy of a country, so how does it actually boom the economy? I think that it could improve the economy in many ways.

 

[Jonaville1]

International trade is a kind of connection between two countries that improve the ties between two countries. The fact remains that international trade could boom the economy of a country, so how does it actually boom the economy? I think that it could improve the economy in many ways.

It could improve the economy in a way that they will exchange the things that they have. They can even sell their natural resources to other countries.

 

[Syldan]

Actually the international trade can only boost a country's economy when there is peace, and also the availability of raw materials for exchange in the international market.

Lot of countries will love to come and invest because they have a target to achieved from you.

 

[Ernestnari]

International trade boosts the economy of countries that have goods and services to export. They would be able to earn foreign exchange which would help to boost up the value of their currency.

 

[Kane]

A country needs to export more and import less so that it is earning more foreign currencies. Foreign currency reserve is one way to find out whether the country is doing well or not financially.

 

[Trey]

When the balance of payments of a country is in deficit, it means the currency of the country is going to crash against other foreign countries. A country must have something valuable to sell out to other countries. Any country that can trade on value added products would have a viable economy.