Question

explain Economic Globalization & International trade?

Answer 1

International trade is an exchange of goods or services across national jurisdictions. Inbound trade is definedas imports and outbound trade isdefined as exports. International tradeis subject to the regulatory oversight and taxation of the involved nations, namely through customs.

Answer 2

It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital.

means apni country me dusre desh ko business krne ke liye taxes and rukes me ease se h so they do not suffer much difficulties in ur country