Respuesta :
This statement is true
What is the importance of international trade?
- Trade is central to ending global poverty.
- Countries that are open to international trade tend to grow faster innovate, improve productivity and provide higher income and more opportunity to their people.
- Open trade also benefits lower income households by offering consumers more affordable goods and services.
International trade and globalization after 1945 have helped to support peace among the great powers. This statement is true.
The possessions of nuclear weapons and nuclear deterrence have helped support peace among the great powers after World War ll.
The collapse of the soviet union helped reduce the risk of civil war around the world.
International trade:
- It is a central driving force behind globalization, a process of integration among the countries and people.
- According to economic theory, as technological development drives down transaction cost (communication, transport), cross border trade and investment will increase.
How does trade connect tom globalization?
- The integration of national economies into a global economic system has been one of the most important development of the last century.
- This process of integration often called globalization , has materialized in a remarkable growth in trade between countries.
Learn more about international trade and globalization here:
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