Understanding International Trade
- Exchange of results or outputs from a country with other countries, or we know with international trade
- Relationship in the form of debt receivable between countries
- Exchanges or streams of production or production facilities
International trade in general
- Trading or swinger goods and/or services between countries
- Economic cooperation between countries around the world
- Effect on the development of export and import and Balance of Payment/international Balance of payments (NPI) of a country
- Exchange and expansion of the use of technology so as to accelerate the economic growth of the country involved in it
- The movement of resources through state boundaries, both human resources, natural resources, and capital resources
International Trade Benefits
These benefits include:
- Can obtain goods or services that can not be produced by themselves because of differences in natural resources, human resource capabilities, technology and others.
- Can expand the market for the purpose of adding profits from specialty
- Enables the transfer of modern technologies to understand more efficient and modern production techniques in terms of management.
- Can accelerate the economic growth of a country
- Adding country foreign exchange from export results
- International trade can open employment in a country
- Establishing friendships with other countries
- Improving the deployment of a country's natural resources
- International Trade Driving factors
- International cooperation in the field of trade occurs due to several driving factors that require a country to conduct cooperation in the field of trade. Because every country can not fully meet the needs of its own country without the resources of other countries, can be from natural resources, human resources, investors and in terms of technology.