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ADVANTAGES OF INTERNATIONAL TRADE — Economics Keypoint

ADVANTAGES OF INTERNATIONAL TRADE

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  1. International trade encourages specialization
  2. It increases the standard of living worldwide through increased variety of goods,
  3. It increases world output
  4. It leads to exchange of ideas and knowledge.
  5. It brings about efficiency in the allocation of resources.
  6. It creates friendly relations, goodwill & international peace.
  7. It leads to development in transport and communication through research for new markets.
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  1. INTERNATIONAL TRADE
  2. REASONS FOR INTERNATIONAL TRADE
  3. DISADVANTAGES OF INTERNATIONAL TRADE
  4. BARRIERS TO INTERNATIONAL TRADE
  5. BENEFITS OF INTERNATIONAL TRADE TO WEST AFRICAN COUNTRIES
  6. INTERNATIONAL MONETARY FUND (IMF)
  7. FREE TRADE AND RESTRICTION

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