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International Trade

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International Trade

Post by Abdulla on 6th December 2013, 7:33 pm

International trade and the accompanying financial transactions are generally conducted for the purpose of providing a nation with commodities it lacks in exchange for those that it produces in abundance; such transactions, functioning with other economic policies, tend to improve a nation’s standard of living. Much of the modern history of international relations concerns efforts to promote freer trade between nations. This article provides a historical overview of the structure of International Trade and of the leading institutions that were developed to promote such trade.

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