Abstract

Trade was the main means of not only communication between people, but also the exchange of goods and goods between these people, all through the mechanisms known as the market. With the creation of large communities and later with the emergence of states, there was a need for exchange of products and services between states. At this moment, there was a need to create new mechanisms for trade to take the size of international exchanges. The creation of these new mechanisms made the international economy today to be considered as one of the main components of the world economy. International trade enables and encourages international labor sharing, while foreign trade development depends on the international division of labor. Separation of work and specialization in the production of certain products in the international aspect condition the countries' mutual economic interdependence and interdependence. For trade to reach the international dimension, it has been a gradual development over the centuries which led to an economic, social, political and cultural development reaching a high level in recent decades as a result of the process of industrialization, advanced transport, globalization and the birth of multinational corporations.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.