International Trading Skills

Definition of International Trade: -

Exchange activity of commodities, capital or services across the territories or international borders is known as international trade. In the majority of the countries across the globe, international trading comprises of a significant share in the gross domestic product.

With the globalization and development of connectivity and telecommunications, international trading has increased manifold, leading to advancement to technology, transportation and outsourcing. International trading is not fundamentally different from domestic trade, apart from the additional expenses of transportation, time costs and tariff issues.

Textbooks on International Trade: -

Some of the textbooks on international trade are:

• Handbook on International Trade Policy, William Alexander Kerr, James D. Gaisford, 2007.
• Finance of International Trade, Eric Bishop, 2004.

Examples of International Trade: -

With the development of electronic commerce, international trading has become increasingly popular. Exchange of goods, intellectual properties, and services occur frequently these days through internet, which decreases the costs manifold!

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