International Trade and its Applications
In this assignment, you will discuss the importance of trade in the world and how this has changed over the past decades. The text (chapters 1-2) outlines the five main reasons for international trade. Using the Internet and the library, provide a specific example illustrating each reason including:
- The countries involved
- The product or service
- An explanation of how the reason was the driving force
- An explanation of how trade in the good or service may have changed over time
- An evaluation of the sustainability of the trading pattern
Be sure to include a reference for every example.