The Impact of International Trade in my Life

The impact of international trade on my life
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The impact of international trade on my life
According to Freund, & Weinhold, (2002) International trade is a trade that surpasses international borders. This trade has been made possible by the technological advances that enable a faster way of coordinating the transfer of goods and services across borders. The impact of international trade can be recognized in different areas such as in outsourcing and improved economy. International trade has made it easy for companies to outsource production services to countries with cheap labor.
There are various means of communication across borders, but the internet surpasses them all. The internet as a means of communication has a huge impact on world trade. It is fast, and affordable. The internet has developed from being a digital storefront to a platform to sell to customers both domestically and internationally. It has increased the ability of bus...