Quantcast

A community for students. Sign up today!

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

curlynch

  • 2 years ago

Can anyone give me an elaborate explanation about international market trade? What makes it work and such?

  • This Question is Open
  1. abayomi12
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    The edited volume “Trade and Employment: From Myths to Facts” is the outcome of a joint project of the European Commission and the International Labour Office. The book contributes to promoting the advancement of employment, decent work and social cohesion in developing countries by assisting policy makers and social partners in anticipating and addressing the effects of trade reforms on employment

  2. WWENDT
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    The term "international market trade" is a bit confusing as it might refer to something special in terms of some organization such as suggested by Abayomi. But international trade is considered good for all countries as it makes them wealthier despite the concern in many countries about jobs lost to outsourcing. This conclusion is based on the economic theory of "comparative advantage" which was first espoused by David Ricardo in England in the mid 1800s. YOu can find this term defined in Wikipedia or other sources. This concept of economics is what makes it work. wmw

  3. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Ask a Question
Find more explanations on OpenStudy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.