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From Wiktionary under the GNU Free Documentation License.
Sat Dec 19 22:42:57 2009

International trade is exchange of capital, goods, and services across international borders or territories. It refers to exports of goods and services by a firm to a foreign-based buyer (importer)In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance has been on the rise in recent centuries.

Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is a major source of economic revenue for any nation that is considered a world power. Without international trade, nations would be limited to the goods and services produced within their own borders.

International trade is in principle not different from domestic trade as the motivation and the behavior of parties involved in a trade do not change fundamentally regardless of whether trade is across a border or not. The main difference is that international trade is typically more costly than domestic trade. The reason is that a border typically imposes additional costs such as tariffs, time costs due to border delays and costs associated with country differences such as language, the legal system or culture.

Another difference between domestic and international trade is that factors of production such as capital and labor are typically more mobile within a country than across countries. Thus international trade is mostly restricted to trade in goods and services, and only to a lesser extent to trade in capital, labor or other factors of production. Then trade in goods and services can serve as a substitute for trade in factors of production. Instead of importing a factor of production, a country can import goods that make intensive use of the factor of production and are thus embodying the respective factor. An example is the import of labor-intensive goods by the United States from China. Instead of importing Chinese labor the United States is importing goods from China that were produced with Chinese labor.

International trade is also a branch of economics, which, together with international finance, forms the larger branch of international economics.

International trade uses a variety of currencies, the most important of which are held as foreign reserves by governments and central banks. Here the percentage of global cummulative reserves held for each currency between 1995 and 2005 are shown: the US dollar is the most sought-after currency, with the Euro in strong demand as well.

From Wikipedia under the GNU Free Documentation License
Tue Mar 9 06:03:39 2010

 Trade Deficit decreases slightly in January | Daily Popular News
dailypopular.com
Trade Deficit decreases slightly in January | Daily Popular News

admin

Fri, 12 Mar 2010 07:17:07 GM

The January 2010 . International Trade. in Goods and Services report is out. January's trade deficit was $37.3 billion. Both exports and imports declined, exports $0.5 billion whereas imports dropped $3.1 billion. www.economicpop​ulist. ...

How ObamaCare is killing free trade | Analysis & Opinion | Reuters
blogs.reuters.com
How ObamaCare is killing free trade | Analysis & Opinion | Reuters

James Pethokoukis

Wed, 10 Mar 2010 17:37:17 GM

If Obama really wants to rebuild America's . international. stature and boost the global economy, . trade. is a perfect place to start. At the moment, world . trade. is projected to expand by just 4.3 percent in 2010 and by 6.2 percent in 2011, ...

WWF - WWF welcomes US backing for Atlantic bluefin tuna ...
panda.org
WWF - WWF welcomes US backing for Atlantic bluefin tuna ...

unknown

Wed, 03 Mar 2010 08:00:00 GM

Joining a growing list of supporting countries, the U.S. announced today that it would vote to list the Atlantic bluefin tuna on Appendix I of the Convention on . International Trade. in Endangered Species (CITES). ...

From Google Blog Search: "international trade"
Fri Mar 12 03:51:19 2010

Trade Commission Investigates Apple, RIM - InformationWeek
news.google.com
Trade Commission Investigates Apple, RIM

InformationWeek

At the request of Eastman Kodak, the US International Trade Commission has opened an investigation of Apple and Research In Motion to ...

US Trade Body to Probe Kodak's Patent Claims Wall Street Journal

Trade agency reviewing Kodak patent complaint The Associated Press

Trade commission investigating Apple's claims against Nokia FierceWireless

Mac Rumors  - IndustryWeek  - BusinessWeek

all 397 news articles »
Addis Chamber to Found Africa Trade Centre SC - Addis Fortune
news.google.com
Addis Chamber to Found Africa Trade Centre SC

Addis Fortune

... setting up a share company to build a trade centre which will be called the Addis Africa International Trade Centre (AAITC), according to its officials. ...
US Cattlemen's Association To Appear Before US International Trade Commission - CattleNetwork.com
news.google.com
US Cattlemen's Association To Appear Before US International Trade Commission

CattleNetwork.com

The US Cattlemen's Association (USCA) will appear before the United States International Trade Commission (USITC) on March 2, 2010. ...

R-CALF: CEO Invited To Testify At ITC Hearing On Trans-Pacific Partnership ... CattleNetwork.com



all 3 news articles »

From Google News Search: "international trade"
Wed Mar 10 00:27:39 2010

Guangzhou jpg
themediagurus.com
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Guangzhou known as the south gate of China is the capital city of Guangdong province Home to more than 11 million people it was one of the first open cities encouraging the

g ashley corrales diaz youngdahl 592x315 jpg
calchamber.com
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From Yahoo Image Search: "international trade"
Sun Feb 21 18:40:20 2010

What are the Pro and cons of Joint ventures when doing international trade?
Q. Joint ventures are becoming more and more common in today's high technology world. Discuss the pros and cons of this method of international trade. This is the question i have to answer for my homework assignment and i cant seem to answer it please help thanks
Asked by krissy t - Mon Feb 11 21:07:11 2008 - - 1 Answers - 0 Comments

A. Advantages Entering new markets Reducing manufacturing costs Developing and diffusing new technologies Long term business relationships Share costs/lower costs Gain knowledge/skills/abilitie s Added distribution channels Flexibility Disadvantages Proprietary information might be shared Long term commitment
Answered by ray.deezy - Tue Feb 12 20:23:59 2008

Are Global Capital Markets classified as International Trade?
Q. We have to debate whether International Trade is good for developed and developing countries, and I found a video about Global Capital Markets and capital mobility and youtube, and thought it would be sneaky if I brought up a bunch of stuff about that, because the competing debate team wouldn't have even researched the issue because the debate topic is just "International Trade", and so they'd have no rebuttles for anything related to Global Capital, which I feel is still international trade.
Asked by John Lennon Was Here. - Wed Sep 24 13:32:59 2008 - - 1 Answers - 0 Comments

A. Capital is not trade, but financial services are. So you might still be on to something.
Answered by robrobiii - Wed Sep 24 13:59:05 2008

Do you feel that international trade has benefited you?
Q. How? Give examples. If you feel international trade has not benefited you, explain your view. Does this also involve food products from other countries?
Asked by kidfrom1990 - Tue Mar 3 07:58:57 2009 - - 1 Answers - 0 Comments

From Yahoo Answer Search: "international trade"
Sun Feb 7 13:23:12 2010

See also:

Custom search only international trade sites:

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Tue Feb 9 12:42:00 2010