Search results
FOREIGN TRADE definition: the activity of trading goods and services with other countries: . Learn more.
- Overview
- Historical overview
Also known as: foreign trade
Written byMaurice Allais,
Maurice Allais
Professor of Economic Analysis, National College of Mines of Paris. Professor of Monetary Analysis, University of Paris X, 1970–85. Nobel Prize for Economics, 1988. Author of Traité d&ayn;économie pure.
Bela Balassa,
Bela Balassa
The barter of goods or services among different peoples is an age-old practice, probably as old as human history. International trade, however, refers specifically to an exchange between members of different nations, and accounts and explanations of such trade begin (despite fragmentary earlier discussion) only with the rise of the modern nation-st...
People also ask
What does foreign trade mean in English?
What is international trade?
What are some examples of international trade?
What is the 'foreign' aspect of foreign trade?
International trade is the exchange of capital, goods, and services across international borders or territories [1] because there is a need or want of goods or services. [2] (see: World economy ) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history ...
May 7, 2024 · Global trade allows wealthy countries to use their resources more efficiently. This also allows some countries to produce the same good more efficiently; in other words, more quickly and at a ...
Apr 29, 2024 · Foreign trade, also known as international trade, refers to the exchange of goods, services, and capital between countries or territories. It encompasses importing, which is the buying of goods and services from foreign countries, and exporting, the selling of goods and services to foreign countries. This trade allows countries to expand their ...
2 days ago · FOREIGN TRADE definition | Meaning, pronunciation, translations and examples
