International Trade as a Tool for Socio-Economic Development of Countries


Research Paper (undergraduate), 2013

7 Pages, Grade: 1,0


Abstract or Introduction

In approaching the subject of this paper, a general overview of international trade, its scope, repartition and recent shifts will be presented at the outset. A natural statistic for international trade, i.e. the trading volume compared to GDP, is introduced and its shortcomings are highlighted. In attempting to improve on significance towards socio-economic considerations, more appropriate key ratios and parameters are presented and put into context by means of two examples. Effects of free trade are controversially discussed referring to work of several economists and adjoined to those of trade restrictions and closed markets. Finally, further aspects like dependency, trade and democracy as well as loss of culture are considered.

Details

Title
International Trade as a Tool for Socio-Economic Development of Countries
College
Cracow University of Economics
Grade
1,0
Author
Year
2013
Pages
7
Catalog Number
V269146
ISBN (eBook)
9783656602316
ISBN (Book)
9783656602309
File size
439 KB
Language
English
Notes
Keywords
International Trade, Socio-Economic Development, GDP, Free Trade, Human Development Index, Social Welfare, Gini Coefficient
Quote paper
Marcelo Anton (Author), 2013, International Trade as a Tool for Socio-Economic Development of Countries, Munich, GRIN Verlag, https://www.grin.com/document/269146

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