Economics

Free market economy is what governs most of the trade in Australia. So, prices of goods are determined by the forces of demand and supply. There is minimal intervention from the government in regulating the trade market. Despite the dominance...

The Ricardian model of international trade attempts to explain the difference in comparative advantage on the basis of technological difference across the nations. The technological difference is essentially supply side difference between the two countries involved in international trade. The...

    Risks in International Trade are the major barriers for the growth to the same. International trade has been a much debated topic. Economists have differed on the real benefits of international trade. The increase in the export market...

International Trade in Services is nearly one quarter of the total trade of goods across the globe. International trade of services is growing with the increase in the import of services by various countries. But still it is not as...

The concept of trade blocks is crucial in the context of international trade. Trade blocks are free trade zones designed to encourage trade activities across nations. The formation of trade blocks involves a number of agreements on tariff, trade and...

An export report or exports analysis is an in-depth evaluation of a country’s export statistics so that its economic planners or policymakers can devise policy changes. These policy changes are required to speed up a country’s economic growth. Areas of...

Imports are goods that are legally shipped from one country to another. Import trade involves customs authorities from both the countries. Along with exports, importing goods and services forms the foundation of international trade.Import Trade: Dynamics To import its goods...

Trade balance is the difference between a country’s imports and exports. When a country’s imports surpass its exports over a period of time, it is called a trade deficit. A country’s balance of trade is its largest component when it...

Exports data or exporting statistics refers to the statistical data about goods, commodities or services that are transported to another country for sale or trade. There are several organizations that keep track of exports. As a result, they provide country-specific...

The following table shows the Annual percentage change of world trade volumes and prices over years. Both the change in Exports and Imports are being represented in the table both in developing nations as well as developed nations. Summary of...

The concept of fair trade has gained substantial importance in the today’s world market. It is a kind of social movement, which is aimed at ensuring fair trade deal for the producers of less developed and developing nations. Proper working...

When a domestic government imposes a tax or duty on an imported good, it is called a tariff. The World Bank predicts that global economy would expand by $830 billion by 2015 if these trade barriers such as tariffs were...

The modern economic trends are revealing that International Trade is helping the growth of Developing Nations. The openness to international trade has been lucrative to the developing countries for rapid economic growth. The adoption of open market policies, and decline...

Opening up its markets in the year 2000 proved to be a wise decision for Canada. Canada trade improved, so did its international trade governance. It also enabled Canada to forge free trade agreements with several countries, such as Japan...

International trade has flourished over the years due to the many benefits it has offered to different countries across the globe. International trade is the exchange of services, goods, and capital among various countries and regions, without much hindrance. The...